Infor Acquisition of SSA Global Sparks a Lawsuit
June 5, 2006 Timothy Prickett Morgan
Just as everyone was preparing for the Memorial Day long weekend, lawyers for Steven Fisch, an investor in SSA Global, were putting the finishing touches on a class action lawsuit against SSA that seeks to halt the $1.36 billion acquisition of SSA by privately held Infor . The Infor acquisition was announced May 15, and has capped several years of massive consolidation in the application software industry. Fisch’s lawsuit was filed in the Circuit Court of Cook County, Illinois, specifically in its Chancery Division, and among other things, it alleges that the managers and venture capital owners of SSA |