NEW YORK, March 15, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Quest
Software, Inc. ("Quest" or the "Company") (Nasdaq: QSFT) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Insight Venture
Partners. Under the terms of the agreement, Quest
shareholders will receive $23 for
each share of Quest stock they own. The transaction has a
total approximate value of $2
billion.
Click here to learn how to join the action:
http://www.zlk.com/quest-software-qsft, or call: 877-363-5972.
There is no cost or obligation to you.
The investigation concerns whether the Quest Board of Directors
breached their fiduciary duties to Quest stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Insight Venture Partners is underpaying for Quest
shares, thus unlawfully harming Quest stockholders. In
particular, at least one analyst set a price target of $29.00 per Quest share.
If you own common stock in Quest and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP