Rigrodsky & Long, P.A. Continues Its Investigation Of M*Modal Inc. Buyout
14 Juillet 2012 - 2:00AM
Business Wire
Rigrodsky & Long, P.A. announces that it is continuing its
investigation of 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 $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 $15.00 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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