Globecomm (GCOM) Says Proxy Lawsuit Dismissed

November 30, 2012 1:59 PM EST
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Globecomm Systems Inc. (Nasdaq: GCOM) reports that the lawsuit captioned Wenz et al. v. Globecomm Systems, Inc., et al. commenced in the New York State Supreme Court in Suffolk County on October 11, 2012, has been dismissed. The lawsuit alleged omissions by Globecomm in connection with certain items in a proxy statement issued by Globecomm for its annual meeting of stockholders held on November 15, 2012.

Plaintiffs withdrew their lawsuit after the Court, on November 14, 2012, completely denied plaintiffs’ motion for a temporary restraining order and a preliminary injunction.

Globecomm was represented in this case by Kramer Levin Naftalis & Frankel LLP of New York City and by Hamburger, Maxson, Yaffe, Knauer & McNally, LLP of Melville, New York.

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