The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Quest ...
March 12 2012 - 3:28PM
Business Wire
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.
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