Rigrodsky & Long, P.A. Announces Investigation of eResearchTechnology, Inc. Takeover
10 Abril 2012 - 9:00PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of
eResearchTechnology, Inc. (NasdaqGS: ERT) (“eResearch” or “the
Company”) concerning possible breaches of fiduciary duty and other
violations of law related to Genstar Capital LLC’s (“Genstar
Capital”) buyout of the public shareholders of the Company at $8.00
per share.
Click here to learn more:
http://www.rigrodskylong.com/investigations/eresearchtechnology-inc-ert.
The investigation concerns whether eResearch’s board of
directors failed to adequately shop the Company and to get the best
price possible for eResearch’s shareholders before entering into
the buyout agreement with Genstar Capital.
Under the terms of the buyout agreement, the shareholders of
eResearch will receive $8.00 per share in cash for each share of
the Company they own. However, according to Yahoo! Finance, at
least one analyst has set a price target for eResearch stock at
$11.00.
If you own the common stock of eResearch and purchased your
shares before April 10, 2012, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Scott J. Farrell, Esquire of Rigrodsky & Long, P.A., 825 East
Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/eresearch-inc-ert.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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