The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Archipelago ...
09 Março 2012 - 1:14PM
Marketwired
Levi & Korsinsky notifies investors in Archipelago Learning,
Inc. ("Archipelago Learning" or the "Company") (NASDAQ: ARCL) of
claims of breaches of fiduciary duty and other violations of state
law against the board of directors of the Company in connection
with the sale of the Company to PLATO Learning. Under the terms of
the agreement, Archipelago Learning shareholders will receive
$11.10 for each share of Archipelago Learning stock they own. The
transaction has a total approximate value of $291 million. A
complaint was filed in Texas state court.
Click here to learn how to join the action:
http://www.zlk.com/archipelago-learning-arcl, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Archipelago Learning
Board of Directors breached their fiduciary duties to Archipelago
Learning stockholders by failing to adequately shop the Company
before entering into this transaction and whether PLATO Learning is
underpaying for Archipelago Learning shares, thus unlawfully
harming Archipelago Learning stockholders. In particular, at least
one analyst set a price target of $12.00 per Archipelago Learning
share.
If you own common stock in Archipelago Learning and wish to
obtain additional information, please contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972, http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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