Law Offices of Howard G. Smith Announces Investigation of eResearchTechnology, Inc.
11 Abril 2012 - 1:59PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
eResearchTechnology, Inc. (“ERT” or the “Company”) (NASDAQ: ERT)
related to the proposed acquisition of the Company by Genstar
Capital. The transaction is valued at approximately $400 million or
$8.00 per share.
This investigation concerns whether the Board of Directors of
ERT breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Its share price has
skyrocketed from $3.88 on November 25, 2011 to $8.11 on April 3,
2012. Further, at least one analyst has set a target price for the
Company’s stock at $11.00 per share.
If you are a shareholder of ERT, if you have information or
would like to learn more about our investigation, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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