Class action suit filed claiming CafePress/Snapfish merger violates securities laws

Gary Pageau , ,

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What should have been a pretty routine $25.3 million acquisition of CafePress by Snapfish has hit snag. A shareholder, Stephan Bushansky, has filed a class action suit naming CafePress the  company and the management team as defendants. Bushansky’s suit cites several SEC violations, adding combination “will unlawfully divest CafePress’ public stockholders of the Company’s valuable assets without fully disclosing all material information concerning the Proposed Transaction to Company stockholders.”

A link to the filing is here.

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.