Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Diamond Management & Technology Consulta...
August 24 2010 - 12:52PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Diamond Management & Technology Consultants, Inc. (“DTPI” or
the “Company”) (NasdaqGS: DTPI) for possible breaches of fiduciary
duty and other violations of state law in connection with their
attempt to sell the Company to PricewaterhouseCoopers LLP
("PricewaterhouseCoopers"). Under the terms of the transaction,
DTPI shareholders will receive $12.50 in cash for each DTPI share
of common stock they own for a total transaction value of
approximately $378 million.
The investigation concerns whether the DTPI Board of Directors
breached their fiduciary duties to DTPI stockholders by failing to
adequately shop the Company before entering into this transaction
and whether PricewaterhouseCoopers is underpaying for DTPI shares,
thus unlawfully harming DTPI stockholders. In particular, at least
one analyst set a price target for DTPI stock at $14.00 per
share.
If you own common stock in DTPI 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 or visit
http://www.zlk.com/diamond-management-dtpi.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
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