I was pissed off with Sizmek and their evil step child Datahub.serving-sys.com, but other than calling them a bunch of wankers and writing a couple of less than flattering articles about the sleazy business they are in (here here and here) I thought I was done with them. OK, there is a little unfinished business with one of the Aussie based Sizmek wankers, but that can wait until I get riled up.
It turns out that I am not the only person that thinks Sizmek is less than legit. While our beefs are very different, mine is personal about them invading my computer and annoying the crap out of me, the other folks appear to be playing Hardball.
Lets face it, if you are going to sue, the only way to really travel is with a class action suit.
NEW YORK, Sept. 16, 2016 — Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Sizmek, Inc. (“Sizmek” or the “Company”) (Nasdaq: SZMK) in the United States District Court for the Western District of Texas on behalf of current stockholders of Sizmek, seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”).
The Complaint alleges that the Board of Directors of Sizmek breached their fiduciary duties by causing a materially incomplete and misleading Recommendation Statement (the “Recommendation Statement”), to be filed with the SEC. The Complaint further alleges that merger consideration Sizmek stockholders will receive in connection with the transaction does not reflect the fair value of Sizmek shares.
You can read the entire article here. It is my hope that the lawyers gobble up the $120 million in fees and everyone involved loses. The internet user will be the big winner, one less video ad company ‘auto rolling’ when you visit a web site.