PFWD Phase Forward (MM)

Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Phase Forward, Inc. (“Phase Forward” or the “Company”) (NASDAQ: PFWD) arising out of the proposed acquisition of the Company by Oracle Corporation.

On April 16, 2010, Phase Forward announced that it had agreed to be acquired by Oracle for $17.00 per share in cash, representing a valuation of approximately $685 million. The Company’s management and employees would join Oracle as part of an Oracle unit if this acquisition closes. Pursuant to this proposed acquisition, however, the Company may be unlawfully harming Phase Forward shareholders as management may not have adequately shopped the Company around in order to maximize shareholder value.

Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.

If you own Phase Forward common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue New York, New York 10016

Phone Numbers:

(800) 575-0735

 

(212) 545-4600

Email:

 

bruckner@whafh.com

 

Classmember@whafh.com

 

Website:

http://www.whafh.com

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.