The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Rewards Network Inc. by an Affiliate of ...
29 Ottobre 2010 - 12:33AM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors ("Board") of Rewards Network Inc.
("Rewards Network" or the "Company") (NASDAQ:DINE) in connection
with their efforts to sell Rewards Network to EGI Acquisition,
L.L.C., an affiliate of Equity Group Investments, L.L.C. ("EGI").
If the transaction is completed, Rewards Network shareholders will
receive $13.75 in cash for each share of Rewards Network common
stock they hold.
Robbins Umeda LLP's investigation concerns whether Rewards
Network's Board undertook a fair process to obtain fair
consideration for all shareholders of Rewards Network.
Specifically, our investigation concerns whether members of the
Company's Board breached their fiduciary duties to Rewards Network
shareholders by failing to adequately shop the Company before
entering into the transaction with EGI.
If you are a shareholder of Rewards Network, plan to continue to
hold your shares, and would like more information about your rights
as a shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP is a securities litigation firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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