WORST BUY? - Software company Citrix Systems and members of its board were slapped with a securities action Thursday in New York Eastern District Court. The case, filed by Rigrodsky Law on behalf of Matthew Whitfield, arises from a proposed acquisition of Citrix by affiliates of Vista Equity Partners and Elliott Investment Management valued at approximately $16.5 billion. Counsel have not yet appeared for the defendants. The case is 1:22-cv-01317, Whitfield v. Citrix Systems, Inc. et al. Stay up on the latest deals and litigation with the new Law.com Radar.
WHILE YOU WERE SLEEPING
BREAK THE SILENCE - Latin American law firm leaders have been tepid in condemning Russia’s invasion of Ukraine, despite slim economic or diplomatic ties between the region and the aggressor, Law.com International’s Amy Guthrie reports. The presidents of Brazil and Mexico—the region’s two largest economies—have tried to remain neutral in the conflict amid widespread and mounting outrage around the globe at what many perceive as an unprovoked attack on a sovereign nation. That effort to remain neutral appears to have reverberated through the legal community. “We urgently need to wake up,” Leopoldo Hernández, whose consultancy KermaPartners advises law firms on their business plans in Latin America, said. Hernández said he surmises that law firm leaders in the region have been quiet on Ukraine because Russian investment, and clients, are minimal in Latin America and the Caribbean. But he also argued that apathy on Ukraine is worrisome, especially since so many countries in Latin America and the Caribbean face challenges to democracy and the rule of law. At the same time, young lawyers and corporate clients increasingly demand serious commitments on issues like equality and climate change.