Law Firm Brower Piven Announces Investigation of Market Leader, Inc. Proposed Buyout
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Market Leader, Inc. ("Market Leader" or the "Company") (NAS: LEDR) and other violations of state law by the board of directors of Market Leader relating to the proposed acquisition of the Company by Trulia, Inc. ("Trulia"). The firm's investigation seeks to determine, among other things, whether the board of directors of Market Leader breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout, Market Leader shareholders will receive $6.00 per share in cash and 0.1553 shares of Trulia's common stock for each share of Market Leader common stock they own, or an implied price of $11.33 per share (based on Trulia's closing share price on May 7, 2013).
If you currently own common stock of Market Leader and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
KEYWORDS: United States North America District of Columbia Maryland
The article Law Firm Brower Piven Announces Investigation of Market Leader, Inc. Proposed Buyout originally appeared on Fool.com.
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