DLA Piper represented DTS, Inc., an audio solutions provider specializing in digital surround sound formats, in defeating a motion for a temporary restraining order to enjoin the shareholder vote on a merger with Tessera Technologies, Inc., a leader in innovating and licensing technology and intellectual property. The deal is valued at US$850 million.

The matter stemmed from an alleged class-action complaint in Superior Court for Ventura County, California, filed by a DTS shareholder regarding a proxy statement filed by DTS. The shareholders voted in favor of the merger on December 1, 2016.

The DLA Piper team representing DTS was led by the Managing Partner of the San Diego office Robert Brownlie, and associates Kellin Chatfield (San Diego) and Karen Kwok (San Francisco).