Robbins Umeda LLP Is Investigating Nobel Learning Communities, Inc. Acquisition for Shareholders
19 Mai 2011 - 2:48AM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
interested in helping shareholders of Nobel Learning Communities,
Inc. (NASDAQ: NLCI). The firm has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by members of the board of directors of Nobel Learning in
connection with their efforts to sell the company to Leeds Equity
Partners.
If you own stock in Nobel Learning and would like more
information about your shareholder rights, please contact Gregory
E. Del Gaizo at 800-350-6003 or via the shareholder information
form on our website.
On May 18, 2011, Nobel Learning announced it has entered into a
definitive agreement to be acquired by Leeds Equity Partners. Under
the terms of the agreement, Nobel Learning shareholders will
receive $11.75 in cash for each share of Nobel Learning common
stock held. The transaction is expected to be completed within the
next six months.
The investigation focuses on whether Nobel Learning's board is
undertaking a fair process to obtain maximum value and adequately
compensate its shareholders in light of the company's recent
positive financial performance. For example, on May 12, 2011, Nobel
Learning reported strong third quarter 2011 results. Quarterly
revenue beat analyst expectations, and net income and earnings for
the quarter reflected a 100% increase over the prior year.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
firm's skilled litigation teams include former federal prosecutors,
former defense counsel from top multinational corporate law firms,
and career shareholder rights attorneys. Robbins Umeda LLP has
helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/nobel-learning-communities-inc/
Attorney Advertising. Past results do not guarantee a similar
outcome.
Nobel Learning Communities, Inc. (MM) (NASDAQ:NLCI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Nobel Learning Communities, Inc. (MM) (NASDAQ:NLCI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Nobel Learning Communities, Inc. (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Robbins Umeda LLP