TIBCO SOFTWARE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces Class Action against TIBCO Software (TIBX) & Its Board of Direc...
17 Ottobre 2014 - 9:22PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of TIBCO Software Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of TIBCO Software Inc.
(“TIBCO” or the “Company”) (Nasdaq:TIBX) for potential breaches of
fiduciary duties in connection with the sale of the Company to
Vista Equity Partners (“Vista Equity”) for approximately $4.3
billion. The Company’s stockholders will receive $24.00 for each
share of TIBCO common stock they own. However, an error by Goldman
Sachs and the Board of Directors cost TIBCO shareholders
approximately $100 million, or about 61 cents per outstanding
share. Complaints have been filed in both Delaware and
California.
Click here for more information:
www.faruqilaw.com/TIBX. There is no cost or obligation to
you.
The investigation focuses on whether TIBCO’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process, still recommending that
shareholders approve the deal even after finding out about the
valuation error, and whether and by how much this proposed
transaction undervalues the Company to the detriment of TIBCO’s
shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in TIBCO and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/TIBX or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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