Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Tollgrade Communications, Inc. - TLGD
25 Février 2011 - 12:48AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Tollgrade Communications, Inc. (“Tollgrade” or the
“Company”) (NasdaqGS: TLGD) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to San Francisco-based private equity firm Golden Gate
Capital for an estimated $137 million in cash. The proposed
transaction only offers Tollgrade shareholders $10.10 in cash for
each share they hold. Tollgrade stock traded as high as $10.20 per
share as recently as February 16, 2011.
Request more information now by clicking here:
www.faruqilaw.com/TLGD
Whether the Tollgrade’s Board of Directors breached their
fiduciary duties to Tollgrade’s stockholders by failing to conduct
an adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Tollgrade’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
Tollgrade shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Tollgrade and wish to obtain
additional information, please visit us at www.faruqilaw.com/TLGD
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Tollgrade Communications, Inc. (MM) (NASDAQ:TLGD)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Tollgrade Communications, Inc. (MM) (NASDAQ:TLGD)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Tollgrade Communications, Inc. (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Faruqi & Faruqi, LLP