DOVER, Del. (Legal Newsline) — A common stockholder has filed a class action lawsuit against a Texas corporation and its board, alleging violation of federal law.

Louis Scarantino filed a complaint, individually and on behalf of all others similarly situated, April 26 in U.S. District Court for the District of Delaware against RetailMeNot, Inc., Thomas Ball, Jeff Crowe, Eric Korman, Jules Maltz, Gokul Rajaram, Greg Santora, Brian Sharples, Tamar Yehoshua, Cotter Cunningham, Harland Clarke Holdings Corp., and R Acquisition Sub Inc., alleging they issued false and misleading information regarding a proposed transaction.

According to the complaint, Scarantino was damaged monetarily by being given false and misleading information regarding RetalMeNot's  proposed merger with Harland Clarke. The plaintiff alleges the defendants omitted material information in order to solicit approval regarding the merger.

Scarantino seeks trial by jury, enjoin the defendant, rescissory damages, a solicitation statement that does not contain any false statements of material fact, court costs and attorney fees, and all relief the court deems just and proper. He is represented by attorneys Seth D. Rigrodsky, Brian D. Long, and Gina M. Serra of Rigrodsky & Long PA in Wilmington, Delaware, and by Richard Maniskas of RM Law PC in Berwyn, Pennsylvania.

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U.S. District Court for the District of Delaware
844 N King St
Wilmington, DE - 19801

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