A class action has been certified against Ustman Technologies, Inc. alleging that the defendant breached their fiduciary duties, by:
(1) failing to establish procedural fairness and other safeguards to protect the rights and interests of Ustman's public shareholders, (2) failing to maximize shareholder value, and
(3) authorizing a dissolution and/or liquidation of Ustman so that nearly all of the proceeds to be derived from the sale were allocated to an entity and majority share holder ("Sagaponack") which was run and controlled by two of Ustman's three directors.
If you feel you qualify for damages or remedies that might be awarded in this class action please fill in our form on the right to submit your complaint.
If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.
