The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Art Technology Group, Inc. by Oracle Cor...
02 Novembro 2010 - 4:56PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors ("Board") of Art Technology
Group, Inc. ("Art Technology" or the "Company") (Nasdaq: ARTG) in
connection with their efforts to sell Art Technology to Oracle
Corporation ("Oracle") (Nasdaq: ORCL). If the transaction is
completed, Art Technology shareholders will receive $6.00 in cash
for each share of Art Technology common stock they hold. The
transaction is expected to close by early 2011.
Robbins Umeda LLP's investigation concerns whether Art
Technology's Board undertook a fair process to obtain fair
consideration for all Art Technology shareholders. Specifically,
our investigation concerns whether members of the Company's Board
breached their fiduciary duties to Art Technology shareholders by
failing to adequately shop the Company before entering into the
transaction with Oracle.
If you are a shareholder of Art Technology, plan to continue to
hold your shares, and would like more information about your rights
as a shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP is a securities litigation firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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