The Law Firm of Weiss & Lurie Investigates the Acquisition of Nobel Learning Communities
25 Mai 2011 - 11:19PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Nobel Learning
Communities, Inc. (NasdaqGM: NLCI) arising from its proposed
acquisition by Leeds Equity Partners for $11.75 per share. The
acquisition is expected to close within the next six months.
Weiss & Lurie is investigating whether Nobel’s Board acted
in the best interests of shareholders in approving the transaction
and whether the Board properly sought to maximize shareholder
value, such as by adequately shopping the Company. Shareholders
have the right to know the process and rationale of Nobel’s Board
in approving the transaction, as well as any conflicts of interest.
Notably, stockholders holding approximately 55% of the outstanding
Nobel common stock, including the Company's Board and executive
management team, have executed written agreements to vote in favor
of the transaction, thereby denying other shareholders a meaningful
vote.
If you own Nobel shares and would like more information about
your rights as a shareholder or additional information concerning
our investigation, please contact Julia J. Sun either by email at
info@weisslurie.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at info@weisslurie.com or fill out the form on our
website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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