NEW YORK, March 12, 2012 /PRNewswire/
-- Harwood Feffer LLP (www.hfesq.com) is investigating
potential claims against the board of directors of Quest Software,
Inc. ("Quest" or the "Company") (NASDAQ: QSFT) concerning the
Company's agreement to be purchased by Quest's CEO, Vinny Smith, and Insight Venture Partners
("Insight") in a transaction valued at approximately $2 billion.
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO)
On March 9, 2012, it was announced
that pursuant to the agreement, Smith and Insight will acquire the
outstanding shares of Quest. Under the agreement, Smith will
continue to run the Company and Quest shareholders will receive
$23.00 per share held. Quest
shares are currently trading above $23.00. At least one analyst has set a
target price for Quest stock of $29.00.
Our investigation concerns whether the board of directors is
fulfilling its fiduciary duties, maximizing the value of Quest,
disclosing all material benefits and costs and obtaining full and
fair consideration for Quest shareholders.
If you own Quest shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP