Rigrodsky & Long, P.A. Announces Investigation Of SoundBite Communications, Inc. Buyout
May 22 2013 - 3:58PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of SoundBite
Communications, Inc. (NASDAQ GM: SDBT)?
- Did you purchase any of your shares
prior to May 20, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of SoundBite
Communications, Inc. (“SoundBite” or the “Company”) (NASDAQ GM:
SDBT) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Genesys (“Genesys”) in a transaction valued at
approximately $100.4 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/soundbite-communications-inc-sdbt.
Under the terms of the agreement, public shareholders of
SoundBite will receive $5.00 per share in cash for each share of
SoundBite they own.
The investigation concerns whether SoundBite’s board of
directors failed to adequately shop the Company and obtain the best
possible value for SoundBite’s shareholders before entering into an
agreement with Genesys.
If you own the common stock of SoundBite and purchased your
shares before May 20, 2013, 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 Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825
East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com,
or at:
http://www.rigrodskylong.com/investigations/soundbite-communications-inc-sdbt.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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