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Ultimate Software (ULTI) Merger Class Action Lawsuit: Halper Sadeh LLP Announces Filing of Shareholder Class Action Lawsuit Against the Ultimate Software Group, Inc. Concerning Its Proposed Merger With Hellman & Friedman - ULTI

Apr 15, 2019

NEW YORK, April 15, Apr 15, 2019 (GLOBE NEWSWIRE via COMTEX News Network) -- Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against The Ultimate Software Group, Inc. ("Ultimate Software" or the "Company") (NASDAQ: ULTI) in connection with the proposed sale of Ultimate Software to Hellman & Friedman.

If you are an Ultimate Software shareholder and would like to discuss your legal rights and options, please visit Ultimate Software (ULTI) Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Ultimate Software shareholders vote in favor of the proposed transaction. According to the complaint, the proxy statement contains materially incomplete and misleading information concerning, among other things: (1) the financial projections prepared by Ultimate Software management; (2) the value of Ultimate Software shares and the financial analyses performed by Goldman Sachs & Co. LLC, Ultimate Software's financial advisor, in support of its fairness opinion of the proposed transaction; and (3) the sales process leading to the proposed transaction. As a result, Ultimate Software shareholders must be provided with this information in order to adequately assess and value the merger consideration. The lawsuit seeks to enjoin the shareholder vote on the proposed transaction until such information is disclosed.

If you are an Ultimate Software shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/the-ultimate-software-group-inc-ulti-merger-hellman-friedman-stock/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Our attorneys represent investors all over the world who have fallen victim to securities fraud and corporate misconduct. They have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Halper Sadeh LLP

Daniel Sadeh, Esq.

Zachary Halper, Esq.

(212) 763-0060

sadeh@halpersadeh.com

zhalper@halpersadeh.com

https://www.halpersadeh.com

https://ml.globenewswire.com/media/2aa76b5f-9a09-4997-9bb1-16913b2ce3f4/small/hsllp-logo-jpg.jpg

(C) Copyright 2019 GlobeNewswire, Inc. All rights reserved.

SOURCE: Comtex

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