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SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against DuPont Fabros Technology, Inc.

/EIN News/ -- WILMINGTON, Del., Aug. 07, 2017 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:

Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Columbia on behalf of holders of DuPont Fabros Technology, Inc. (“DuPont Fabros”) (NYSE:DFT) common stock in connection with the proposed acquisition of DuPont Fabros by Digital Realty Trust, Inc. and its affiliates (“Digital Realty”) announced on June 9, 2017 (the “Complaint”).  The Complaint, which alleges violations of the Securities Exchange Act of 1934 against DuPont Fabros, its Board of Directors (the “Board”), and Digital Realty, is captioned Scarantino v. DuPont Fabros Technology, Inc., Case No. 1:17-cv-01428 (D.D.C.).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail at info@rl-legal.com; or at http://rigrodskylong.com/contact-us/

On June 8, 2017, DuPont Fabros entered into an agreement and plan of merger (the “Merger Agreement”) with Digital Realty.  Pursuant to the Merger Agreement, each share of DuPont Fabros common stock will be converted into the right to receive 0.545 shares of Digital Realty common stock, and each share of 6.625% DuPont Fabros Series C preferred stock will be converted into the right to receive one share of a newly designated class of preferred stock of Digital Realty with substantially similar rights, privileges, and preferences as the DuPont Fabros Series C preferred stock (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a Form S-4 Registration Statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission on July 10, 2017.  The Complaint alleges that the Registration Statement, which recommends that DuPont Fabros stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to DuPont Fabros’ financial projections, the analyses performed by DuPont Fabros’ financial advisor, and potential conflicts of interest.  The Complaint seeks injunctive and equitable relief and damages on behalf of holders of DuPont Fabros’ common stock. 

If you wish to serve as lead plaintiff, you must move the Court no later than October 6, 2017.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed 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.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                             
                    
                    Rigrodsky & Long, P.A.
                    Seth D. Rigrodsky
                    Gina M. Serra
                    (888) 969-4242
                    (302) 295-5310
                    Fax: (302) 654-7530
                    info@rl-legal.com 
                    http://www.rigrodskylong.com

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