Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Middle District of Georgia, Case No. 4:19-cv-00114-CDL, on behalf of shareholders of Total System Services, Inc. (“TSS” or the “Company”) (NYSE:TSS) who have been harmed by TSS’s and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with the proposed merger of the Company with Global Payments, Inc. (“Global Payments”).
On May 27, 2019, the Board caused the Company to enter into an agreement and plan of merger (“Proposed Transaction”) under which TSS shareholders stand to receive 0.8101 shares of Global Payments stock for each share of TSS they own (the “Merger Consideration”).
The complaint alleges that the Form S-4 Registration Statement filed with the Securities and Exchange Commission violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and certain valuation analyses conducted by the Company’s financial advisors, on which the Board relied to recommend the Proposed Transaction as fair to TSS shareholders.
If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from the date of this notice. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
If you wish to obtain information concerning this action, you can do so by completing the form below.
Total System Services, Inc. (TSS)
* The submission of this form does not create an attorney-client relationship.
Filed on 08/07/2019
Court Middle District of Georgia
Lead Plaintiff Deadline 10/07/2019
49 days remaining
685 Third Avenue 26th Floor
10017 New York, New York
Phone (212) 983-9330
Fax (212) 983-9331
James M. Wilson, Jr. firstname.lastname@example.org Phone (212) 983-9330 Fax (212) 983-9331