Rigrodsky & Long, P.A. Investigates Pre-Paid Legal Services, Inc. Buyout
January 31 2011 - 10:47AM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of Pre-Paid Legal
Services, Inc. (“Pre-Paid Legal” or the “Company”) (NYSE:PPD)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company’s entry into an agreement to be
acquired and taken private by MidOcean Partners (“MidOcean”) in a
transaction valued at approximately $650 million. Click here to
learn how to join the action:
http://www.rigrodskylong.com/news/Pre-PaidLegalServicesInc-PPD.
Under the proposed agreement, MidOcean will acquire all of the
outstanding common shares of Pre-Paid Legal for $66.50 per share in
cash.
The investigation concerns whether Pre-Paid Legal’s board of
directors failed to adequately shop the Company and obtain the best
price possible for Pre-Paid Legal’s shareholders before entering
into the agreement with MidOcean.
If you own the common stock of Pre-Paid Legal and purchased your
shares before January 30, 2011, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case
Development Director, of Rigrodsky & Long, P.A., 919 N. Market
Street, Suite 980, Wilmington, Delaware, by telephone at (888)
969-4242, or by e-mail to info@rigrodskylong.com.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly litigates securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, including claims for breach of
fiduciary duty and proxy violations in the Delaware Court of
Chancery and in state and federal courts throughout the United
States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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