The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Archipelago Learning, Inc. in Connection With the Sale of the Company to PLATO Learning
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 03/09/12 -- Levi & Korsinsky notifies investors in Archipelago Learning, Inc. ("Archipelago Learning" or the "Company") (NASDAQ: ARCL) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to PLATO Learning. Under the terms of the agreement, Archipelago Learning shareholders will receive $11.10 for each share of Archipelago Learning stock they own. The transaction has a total approximate value of $291 million. A complaint was filed in Texas state court.
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The investigation concerns whether the Archipelago Learning Board of Directors breached their fiduciary duties to Archipelago Learning stockholders by failing to adequately shop the Company before entering into this transaction and whether PLATO Learning is underpaying for Archipelago Learning shares, thus unlawfully harming Archipelago Learning stockholders. In particular, at least one analyst set a price target of $12.00 per Archipelago Learning share.
If you own common stock in Archipelago Learning and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, .
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 09.03.2012 - 10:14 Uhr
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