Kendall Law Group Begins Investigation of Phase Forward Incorporated for Shareholders

Kendall Law Group is investigating Phase Forward Incorporated (NASDAQ: PFWD) for shareholders concerning the proposed buyout of Phase Forward by Oracle Corporation. The national securities litigation firm seeks to determine if a fair process was used in shopping the company prior to entering into the agreement and whether the Board of Directors of Phase Forward breached their fiduciary duties by not seeking a deal that would provide better value of the company. Shareholders of Phase Forward with questions, concerns, or information to contribute about the transaction are encouraged to contact the Kendall Law Group by email at skendall@kendalllawgroup.com or by phone at 877-744-3728.

Phase Forward announced on April 16, 2010 that it had entered into an agreement to be acquired by Oracle. The deal is valued at about $685 million and is expected to move quickly and close by the middle of 2010. According to the agreement, shareholders will receive $17 in cash per share owned, which represents approximately 30% over the closing price before the deal was announced. However, Phase Forward traded at $17.04 as recently as November 17, 2009 and $15.65 on January 22, 2010.

Kendall Law Group was founded by a former federal judge, and 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.

Phase Forward (NASDAQ:PFWD)
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