Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Rentrak Corporation
October 05 2015 - 9:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Rentrak Corporation ("Rentrak” or "the Company") (Nasdaq: RENT) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to comScore, Inc.
(“comScore”).
Click here to learn more about the investigation
http://brodsky-smith.com/984-rent-rentrak-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Rentrak shareholders will
receive only 1.15 shares of comScore stock for each share of
Rentrak stock they own. The transaction values Rentrak stock at
only approximately $49.62 per share. The investigation concerns
whether the Board of Rentrak breached their fiduciary duties to
shareholders and whether comScore is underpaying for Rentrak. The
transaction may undervalue Rentrak and will result in a substantial
loss for many Rentrak shareholders. For example, an analyst has set
a price target for Rentrak stock at $100.00 per share and Rentrak
stock traded at $71.26 per share as recently as August 4, 2015.
If you own shares of Rentrak and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/984-rent-rentrak-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151005006746/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/984-rent-rentrak-corporation.html
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