Rigrodsky & Long, P.A. Announces Investigation Of Learning Tree International, Inc. Proposed Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Learning Tree International, Inc. ("Learning Tree" or the "Company") (NASDAQ GM: LTRE) regarding possible breaches of fiduciary duties and other violations of law related to the Company's receipt of a proposal to be taken private by Chairman and Chief Executive Officer, David Collins and his wife, in a transaction valued at approximately $47.1 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/learning-tree-international-inc-ltre.
Under the terms of the proposal, public shareholders of Learning Tree will receive $5.25 per share in cash for each share of Learning Tree they own.
The investigation concerns the Company's board of directors' process for consideration of the proposed transaction, whether Learning Tree is acting in its shareholders' best interests and whether the proposed consideration to be paid to Learning Tree's shareholders would be fair and adequate.
If you own the common stock of Learning Tree and purchased your shares before September 17, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/learning-tree-international-inc-ltre.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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KEYWORDS: United States North America Delaware
The article Rigrodsky & Long, P.A. Announces Investigation Of Learning Tree International, Inc. Proposed Buyout originally appeared on Fool.com.
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