CDK Global, a provider of technology to support auto dealerships, and members of its board were slapped with a shareholder lawsuit Wednesday in Pennsylvania Eastern District Court. The court action, filed by the Grabar Law Office on behalf of Matthew Whitfield, arises from a proposed acquisition of CDK by affiliates of Brookfield Capital Partners valued at approximately $8.3 billion. Counsel have not yet appeared for the defendants. The case is 2:22-cv-01729, Whitfield v. Cdk Global, Inc. et al.
Automotive
May 04, 2022, 5:50 PM