Class Action Settlement Announced for Agiliti, Inc. Shareholders Following Recent Merger

Overview of the Class Action Settlement

In a groundbreaking move for shareholders affected by the merger of Agiliti, Inc., the law firms Block & Leviton LLP and Elsberg, Baker & Maruri PLLC have jointly announced a proposed settlement aimed at compensating those who held stock in Agiliti. This comes in light of a class action lawsuit filed regarding the merger transaction that took place on May 7, 2024, with Thomas H. Lee Partners, L.P. and THL Agiliti LLC.

Key Details of the Settlement

The class action arose after Agiliti's stockholders were offered $10.00 per share in cash as part of the merger deal. The pending settlement involves a substantial cash payment totaling approximately $32 million, which aims to resolve all claims related to the merger against the involved parties, including the defendants—THL and Agiliti's leadership. This settlement is designed not only to provide financial relief but also to address the concerns raised by the shareholders about the merger process and its transparency.

Settlement Hearing

A critical milestone in the settlement process will be the hearing scheduled for September 17, 2026. During this hearing, Vice Chancellor Morgan T. Zurn will evaluate the proposed settlement's terms, assessing whether they are fair, reasonable, and adequate for the class members involved in the lawsuit. Shareholders have the opportunity to voice their opinions, objections, or support regarding the settlement during this meeting, which can be attended in person or via Zoom, as directed by the court.

Rights of Shareholders

All record holders and beneficial owners of Agiliti stock at the time of the merger may be eligible to receive a portion of the Net Settlement Fund, calculated on a pro-rata basis. The plan of allocation will ensure that each qualified class member receives a fair share of the settlement fund equivalent to their holdings in Agiliti stock at the merger date. Importantly, eligible shareholders will not need to submit claims to receive their portion of the payout, simplifying the process for those impacted.

Important Deadlines

For class members wishing to voice objections regarding the settlement terms or the distribution plan, submissions need to be sent to the Office of the Register in Chancery by September 2, 2026. This deadline is critical, as any objections will be considered during the upcoming hearing.

Conclusion

This settlement represents a significant development for Agiliti’s shareholders, offering a potential resolution to their grievances post-merger. Shareholders are strongly urged to stay informed and engaged in this process, whether through the settlement website or by directly consulting with the Settlement Administrator for further details and updates. As the settlement hearing approaches, clarity around shareholder rights and the implications of the merger will remain a pivotal focus for all involved.