The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Alleged Breaches of Fiduciary Duty by the Board of Nobel Learning Co
June 22 2011 - 8:22PM
Marketwired
Levi & Korsinsky notifies investors in Nobel Learning
Communities Inc. ("Nobel Learning" or the "Company") (NASDAQ: NLCI)
of claims of possible breaches of fiduciary duty and other
violations of state law against the Board of Directors of the
Company in connection with the sale of the Company to Leeds Equity
Partners. Under the terms of the transaction, Nobel Learning
shareholders will receive $11.75 per share of Nobel Learning stock
they own. The transaction has a total value of approximately $125.2
million. Holders of approximately 55% of the outstanding shares of
Company common stock, including members of the Board and
management, have agreed to vote in favor of the transaction. A
complaint was filed in the Court of Common Pleas of Philadelphia.
Click here to learn how to join the action:
http://zlk.9nl.com/nobel-learning-nlci, or call: 877-363-5972.
The claims concern whether the Nobel Learning Board of Directors
breached its fiduciary duties to Nobel Learning stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Leeds Equity Partners is underpaying for
Nobel Learning shares, thus unlawfully harming Nobel Learning
stockholders. In particular, at least one analyst set a price
target for Nobel Learning stock at $20.00 per share.
If you own common stock in Nobel Learning 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, or visit
http://zlk.9nl.com/nobel-learning-nlci.
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. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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