The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Tollgrade ...
25 Febbraio 2011 - 9:40PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Tollgrade Communications (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 which Tollgrade shareholders will receive $10.10
in cash per share. The total transaction value is approximately
$137 million.
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. Among other things, 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 Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/tollgrade-tlgd.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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