Ryan & Maniskas, LLP Announces Investigation of Pre-Paid Legal Services, Inc.
February 01 2011 - 10:40AM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/ppd) 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 efforts to sell
Pre-Paid Legal to MidOcean Partners in a transaction valued at
approximately $650 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by Company’s board of directors; in particular, whether
the Company undertook a fair process to obtain fair consideration
for all shareholders of Pre-Paid Legal. For more information
regarding our investigation, please contact Ryan & Maniskas,
LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or
by email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/ppd.
Under the terms of the definitive agreement, Pre-Paid Legal
shareholders will receive $66.50 per share for each share of
Pre-Paid Legal common stock they hold.
If you own shares of Pre-Paid Legal and would like to learn more
about these claims or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign
up online, visit: www.rmclasslaw.com/cases/ppd. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
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