Kendall Law Group Investigates PLATO Learning, Inc. Merger for Shareholders

Kendall Law Group, a national securities litigation firm, is investigating PLATO Learning, Inc. (NASDAQ:TUTR) for shareholders in connection to the proposed sale of the Company to Thoma Bravo, LLC. The firm is investigating whether PLATO and the Board breached their fiduciary duties by not properly shopping the Company prior to entering into the agreement. If you are a TUTR shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

On March 26, 2010, PLATO Learning, Inc. announced that it had entered an agreement to be acquired by Thoma Bravo, LLC in a $143 million transaction. According to the agreement, shareholders will receive $5.60 in cash per TUTR share owned, which represents a 14% premium over the $4.91 closing price on the last trading day before the announcement. The transaction is expected to close by July 31, 2010. The firm is concerned that PLATO’s Board of Directors may have kept the Company from reaching a deal that would provide better value of the Company.

Kendall Law Group, founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States. You are encouraged to contact the firm if you have information about this transaction.

Plato Learning (MM) (NASDAQ:TUTR)
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