Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of QuadraMed Corporation
08 Dezembro 2009 - 7:43PM
Business Wire
Attorney Advertising. Notice is hereby given that Stull, Stull
& Brody has commenced an investigation on behalf of
shareholders of QuadraMed Corporation (“QuadraMed” or the
“Company”) (Nasdaq: QDHC) for possible breaches of fiduciary duty
and other violations of state law in connection with an agreement
by the Company’s Board of Directors to allow the Company to be
acquired by the private equity firm Francisco Partners in a
going-private transaction valued at approximately $8.50 in cash per
QuadraMed common share and $13.7097 in cash per QuadraMed Series A
preferred share, for aggregate consideration of approximately $126
million.
The current investigation concerns the price to be paid by
Francisco Partners to QuadraMed shareholders and the process by
which QuadraMed’s Board of Directors is addressing the transaction,
including whether QuadraMed’s Board of Directors breached its
fiduciary duties to the Company’s shareholders by agreeing to sell
the Company at an unfair price. Whereas QuadraMed’s shareholders
will receive $8.50 per common share under the terms of the proposed
transaction, that figure represents a small premium over the
Company’s recent 52-week high on October 14, 2009, and at least one
analyst has set a price target of $11 per QuadraMed common share,
representing a significant potential discount to Francisco
Partners.
If you own the common stock of QuadraMed and wish to obtain
additional information about this matter, please contact Aaron
Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983
or 1-212-687-7230, or by email to ssbny@aol.com or by writing to
Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.
Stull, Stull & Brody has litigated many class actions for
violations of securities laws and breaches of fiduciary duty on
behalf of defrauded investors over the past 40 years and has
obtained court approval of substantial settlements on numerous
occasions.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Quadramed Corp (MM) (NASDAQ:QDHC)
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