Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Tangoe, Inc. (TNGO)

NEW YORK, May 26, 2017 -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Tangoe, Inc. (“Tangoe” or the “Company”) (OTC:TNGO) in the United States District Court for the District of Connecticut for violations of Sections 14(d), 14(e) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”) in connection with the Proposed Transaction between Tangoe and Marlin Management Company, LLC (“Marlin”).

On April 28, 2017, Tangoe and Marlin entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”).  Pursuant to the terms of the Merger Agreement, Marlin commenced the Tender Offer on May 12, 2017 (the “Tender Offer”) to acquire all of the outstanding shares of Tangoe’s common stock at a purchase price of $6.50 per share in cash.  The Tender Offer is scheduled to expire at 10:00 a.m. (EDT) on June 13, 2017.  According to the Complaint, the proposed transaction is the product of a flawed process and deprives Tangoe’s public stockholders of the ability to participate in the Company’s long-term prospects.

If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected].

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