Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Art Technology Group, Inc.
November 03 2010 - 10:40AM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Art Technology Group, Inc. ("Art Technology"
or the "Company") (Nasdaq: ARTG) for possible breaches of fiduciary
duty and other violations of state law in connection with their
attempt to complete a sale of the Company to Oracle Corporation.
Under the terms of the proposed transaction, Art Technology
shareholders are to receive $6.00 in cash for each share they own,
for a total transaction value of approximately $1.0 billion.
The investigation involves whether the Board of Directors of Art
Technology breached their fiduciary duties to Art Technology
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction and whether Art Technology
has disclosed all material information to shareholders about the
proposed transaction.
If you own stock in Art Technology and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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