Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Market Leader, Inc. (LEDR)
May 20 2013 - 7:00PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Market Leader, Inc.
(“Market Leader” or the “Company”) (NASDAQ: LEDR) for potential
breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Trulia, Inc. (NYSE: TRLA)
(“Trulia”) in a deal valued at approximately $355 million. Under
the terms of the proposed transaction, Market Leader’s stockholders
will receive 0.1553 shares of Trulia common stock and $6.00 for
each share of Market Leader common stock they own, a total implied
price of approximately $11.33 per share.
Request more information now by clicking here:
www.faruqilaw.com/LEDR. There is no cost or
obligation to you.
The investigation focuses on whether Market Leader’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Market Leader’s shareholders.
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, throughout 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 Market Leader and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/LEDR 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) 2013 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.
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