Marketo Shareholders Sue to Halt Sale to Vista Equity, Allege Unfair Price

A Marketo shareholder has filed a class action lawsuit in California to block the company’s proposed acquisition by Vista Equity Partners.

In a suit filed in Santa Clara County Superior Court, Sonila Porwal alleges Marketo’s directors breached their fiduciary duties to Marketo stockholders by seeking to sell Marketo too cheaply through an allegedly defective process, and that the other defendants aided and abetted those purported breaches.

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