The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Toll...
22 Febbraio 2011 - 6:11PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Tollgrade Communications (“Tollgrade” or the “Company”) (Nasdaq:
TLGD) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to an
affiliate of Golden Gate Capital. Under the terms of the
transaction, Tollgrade shareholders will receive $10.10 in cash per
common share of Tollgrade stock they own for a total transaction
value of approximately $137 million.
Click here to learn more about the investigation:
http://www.zlk.com/tollgrade-communications-tlgd.html, or call:
877-363-5972.
The investigation concerns whether the Tollgrade Board of
Directors breached their fiduciary duties to Tollgrade stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Golden Gate Capital is underpaying for
Tollgrade shares, thus unlawfully harming Tollgrade stockholders.
In particular, Tollgrade stock traded as high as $10.20 per share
as recently as February 16, 2011.
If you own common stock in Tollgrade 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/tollgrade-communications-tlgd.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.
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