Splunk Inc.

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Recent Cases

Ademi LLP is investigating Splunk (NASDAQ: SPLK) for possible breaches of fiduciary duty and other violations of law in its transaction with Cisco.

In the transaction, Splunk stockholders are expected to receive only $157 per share in cash, representing approximately $28 billion in equity value. The transaction agreement unreasonably limits competing transactions for Splunk by imposing a significant penalty if Splunk accepts a competing bid. Splunk insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Splunk’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.