Harwood Feffer LLP Announces Investigation of Tollgrade Communications, Inc.
22 Fevereiro 2011 - 3:36PM
Business Wire
Harwood Feffer LLP (www.hfesq.com)
is investigating potential claims against the board of directors of
Tollgrade Communications, Inc. ("Tollgrade" or the "Company")
(NASDAQ:TLGD) concerning possible breaches of fiduciary duty and
other violations of law related to the proposed acquisition by an
affiliate of Golden Gate Capital in a transaction valued at
approximately $137 million.
Under the terms of the agreement, Tollgrade shareholders will
receive $10.10 per share in cash. Our investigation concerns
possible breaches of fiduciary duty and other violations of law
related to the approval of the transaction by the Company's board
of directors; in particular, whether the board of directors
undertook a fair process to obtain fair consideration for all
shareholders of Tollgrade. Among other things, Tollgrade stock has
traded as high as $10.20 per share as recently as February 16,
2011.
If you own shares of Tollgrade and would like to learn more
about these claims or if you wish to discuss this matter and have
any questions or information concerning this announcement, please
contact Daniella Quitt, Esq. at dquitt@hfesq.com. You may also call
Ms. Quitt at (877) 935-7400. For more information about class
actions, or to sign up online, please visit our website:
www.hfesq.com.
Harwood Feffer LLP is a national shareholder litigation firm.
Harwood Feffer LLP is devoted to protecting the interests of
individual and institutional investors in shareholder actions in
state and federal courts nationwide.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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