Robbins Umeda LLP Announces an Investigation of the Acquisition of PLATO Learning, Inc. by an Affiliate of Thoma Bravo, LLC
26 Marzo 2010 - 6:59PM
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 of PLATO Learning, Inc. ("PLATO
Learning") (NASDAQ: TUTR) in connection with their actions in
causing PLATO Learning to enter into a definitive merger agreement
with an affiliate of Thoma Bravo, LLC. If the transaction is
approved, PLATO Learning shareholders will receive $5.60 in cash
for each share of PLATO Learning common stock they hold. The
transaction is expected to close in PLATO Learning's fiscal quarter
ending July 31, 2010.
Robbins Umeda LLP's investigation concerns whether the
acceptance and recommendation of the offer by PLATO Learning's
Board of Directors was the result of a fair process designed to
secure the best possible price for all shareholders of PLATO
Learning.
If you are a shareholder of PLATO Learning and would like more
information about your rights as a shareholder, please contact
attorney Lauren Levi at 800-350-6003 or by e-mail at
llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law 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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