Rigrodsky & Long, P.A. Announces Investigation Of Market Leader, Inc. Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
Do you own shares of Market Leader, Inc. (NASDAQ GS:LEDR)?
Did you purchase any of your shares prior to May 8, 2013?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Market Leader, Inc. ("Market Leader" or the "Company") (NASDAQ GS: LEDR) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Trulia, Inc. ("Trulia") (NYSE: TRLA) in a transaction valued at approximately $355 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/market-leader-inc-ledr.
Under the terms of the proposal, public shareholders of Market Leader will receive $6.00 in cash and 0.1553 shares of Trulia for each share of Market Leader they own. Based upon Trulia's closing stock price of $31.13 on May 21, 2013, Market Leader shareholders would have received consideration valued at approximately $10.83 per share.
The investigation concerns whether Market Leader's board of directors failed to adequately shop the Company and obtain the best possible value for Market Leader's shareholders before entering into an agreement with Trulia. According to Yahoo! Finance, at least one analyst set a target price for Market Leader stock at $11.00.
If you own the common stock of Market Leader and purchased your shares before May 8, 2013, 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 Olga Pettigrew or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/market-leader-inc-ledr.
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.
Attorney advertising. Prior results do not guarantee a similar outcome.
KEYWORDS: United States North America Delaware
The article Rigrodsky & Long, P.A. Announces Investigation Of Market Leader, Inc. Buyout originally appeared on Fool.com.
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