Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Soundbite Communications, Inc. Following Announ...
May 22 2013 - 7:00PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Soundbite Communications,
Inc. (“Soundbite” or the “Company”) (NasdaqGM: SDBT) for potential
breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Genesys in a deal valued at
approximately $100 million. Under the terms of the proposed
transaction, Soundbite’s stockholders will receive $5.00 in cash
for each share of Soundbite common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/SDBT. There is no cost or
obligation to you.
The investigation focuses on whether Soundbite’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Soundbite’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Soundbite and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/SDBT or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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