MakeMusic Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Affiliate of LaunchEquity Partners
14 Mars 2013 - 3:39PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of MakeMusic, Inc. (“MakeMusic”)
(Nasdaq: MMUS) to LaunchEquity Acquisition Partners, LLC Designated
Series Education Partners (“LEAP”), an affiliate of LaunchEquity
Partners, LLC for shareholders. Under the terms of the proposed
transaction MakeMusic shareholders will receive $4.85 in cash for
each share of stock owned. Notably, LEAP currently owns 27% of
MakeMusic’s outstanding common stock.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor,
LLP, toll free (877) 728-9607, via email at zach@powerstaylor.com.
There is no cost or fee to you.
The MakeMusic sale investigation centers on whether MakeMusic’s
shareholders are receiving adequate compensation for their shares
in the buyout, whether the transaction undervalues MakeMusic’s
stock, and whether MakeMusic’s board attempted to obtain the
highest share price for all shareholders prior to agreeing to the
deal. Shareholder rights attorney Patrick Powers stated that, “due
to the proposed sale price and other factors, we believe this
transaction may undervalue MakeMusic’s stock. Our proposed lawsuit
will seek to obtain the highest share price for all
shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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