In re Mindbody Inc., Stockholder Litigation: Court finds unfair sale process | Hogan Lovells
Defendant Richard Stollmeyer founded Mindbody, Inc., a software-as-a-service company serving the fitness, wellness, and beauty industry, in 2000. In 2015, he took the company public while remaining its CEO. Following the IPO, Stollmeyer held Class B shares that gave him the second largest block of votes; however, these shares were due to be diluted in … [Read more…]