The Law Office of Abe Shainberg Announces Investigation of Nobel Learning Communities Inc. -- NLCI
02 Juin 2011 - 1:49AM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Nobel Learning Communities Inc. (Nasdaq: NLCI) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Leeds Equity
Partners. Under the terms of the proposed transaction, Nobel
Learning shareholders will receive $11.75 per share in cash for
total transaction value of approximately $125.2 million.
The investigation concerns whether the Nobel Learning Board of
Directors breached their fiduciary duties to Nobel Learning
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Leeds Equity Partners is
underpaying for Nobel Learning shares. According to Yahoo! Finance,
at least one analyst set a price target for Nobel Learning stock at
$20.00 per share.
If you own common stock in Nobel Learning and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/nobel-learning-communities.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide. Attorney advertising. Prior results do not
guarantee similar outcomes.
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