Rigrodsky & Long, P.A. Announces Investigation Of M*Modal Inc. Buyout
06 Juillet 2012 - 9:30PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of M*Modal
Inc. (“M*Modal” or the “Company”) (NASDAQ GS: MODL) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
One Equity Partners (“One Equity”), the private investment arm of
JP Morgan Chase & Co. in a transaction valued at approximately
$1.1 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/mmodal-inc-modl.
Under the terms of the proposal, public shareholders of M*Modal
will receive will receive $14.00 per share in cash for each share
of M*Modal they own.
The investigation concerns whether M*Modal’s board of directors
failed to adequately shop the Company and obtain the best possible
value for M*Modal’s shareholders before entering into an agreement
with One Equity. According to Yahoo! Finance, at least one analyst
has set a price target for M*Modal stock at $16.00 per share.
If you own the common stock of M*Modal and purchased your shares
before July 2, 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 info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/mmodal-inc-modl.
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.
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