Simon v. Stang
In 2009, appellants Steven Simon, Michael Kallok, and Alexey Terskikh filed a putative class action on behalf of themselves and the other common shareholders of respondent Reliant Technologies, Inc. (RTI). They alleged that the defendants, including RTI and certain of the company’s officers and directors (respondents Eric Stang, president; Len DeBenedictis, chief technology officer; and Hank Gauthier, director), had unlawfully entered into a merger agreement with Thermage, Inc. (Thermage) that was not in the best interest of RTI’s common shareholders.
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