Press Release: Xura : Labaton Sucharow LLP Files Securities Class Action Lawsuit on Behalf of Xura Inc. Investors

NEW YORK, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Labaton Sucharow LLP ("Labaton Sucharow") announces that on August 10, 2018, it filed a securities class action lawsuit on behalf of its client Wayne County Employees' Retirement System ("Wayne County") against Xura Inc. ("Xura" or the "Company") (NASDAQ: MESG), and certain of its senior executives and directors (collectively, "Defendants"). The action, which is captioned Wayne County Employees' Retirement System v. Mavenir, Inc. F/K/A Xura, Inc., No. 18-cv-01229 (D. Del), asserts claims under Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") on behalf of all Xura shareholders of record as of July 11, 2016, the record date for Xura shareholders to be eligible to vote in the merger announced on May 23, 2016 (the "Merger"), pursuant to which Xura was acquired by Sierra Private Holdings II Ltd. through its wholly-owned subsidiary, Sierra Private Merger Sub Inc., both of which are affiliates of Siris Capital Group, LLC.