The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Nobe...
18 Maggio 2011 - 7:21PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Nobel Learning Communities Inc. (“Nobel Learning” or the “Company”)
(Nasdaq: NLCI) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Leeds Equity Partners. Under the terms of the transaction, Nobel
Learning shareholders will receive $11.75 per share of Nobel
Learning stock they own. The transaction has a total value of
approximately $125.2 million. Holders of approximately 55% of the
outstanding shares of Company common stock, including members of
the Board and management, have agreed to vote in favor of the
transaction.
Click here to learn how to join the action:
http://www.zlk.com/nobel-learning-nlci.html, or call:
877-363-5972.
The investigation concerns whether the Nobel Learning Board of
Directors breached their fiduciary duties to Nobel Learning
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Leeds Equity Partners is
underpaying for Nobel Learning shares, thus unlawfully harming
Nobel Learning stockholders. In particular, at least one analyst
set a price target for Nobel Learning stock at $20.00 per
share.
If you own common stock in Nobel Learning and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/nobel-learning-nlci.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. 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, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 15th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
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