Rigrodsky & Long, P.A. Announces Investigation of Vertro, Inc.
17 Octobre 2011 - 6:21PM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of Vertro, Inc.
(“Vertro” or the “Company”) (Nasdaq: VTRO) concerning possible
breaches of fiduciary duty and other violations of law related to
the Company’s entry into an agreement to be acquired by Inuvo, Inc.
(“Inuvo”) in a transaction with an approximate value of
approximately $19.5 million.
Click here to learn more and to discuss your shareholder rights:
http://investigations.rigrodskylong.com/vertroinc-vtro/.
Under the proposed agreement, Vertro shareholders will receive
1.546 shares of Inuvo common stock for each share of Vertro common
stock they own.
The investigation concerns whether Vertro’s board of directors
adequately shopped the Company to obtain the best price possible
for Vertro’s shareholders before entering into the agreement with
Inuvo. Moreover, according to Yahoo! Finance, at least one analyst
has set a $3.00 per share stock price for Vertro stock.
If you own the common stock of Vertro and purchased your shares
before October 17, 2011, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development
Director, of Rigrodsky & Long, P.A., 919 N. Market Street,
Suite 980, Wilmington, Delaware 19801, by telephone at (888)
969-4242, or by e-mail to info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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