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Robbins Umeda LLP Announces an Investigation of the Acquisition of PLATO Learning, Inc. by an Affiliate of Thoma Bravo, LLC

Date : 03/26/2010 @ 1:59PM
Source : Business Wire
Stock : Plato Learning (MM) (TUTR)
Quote : 5.58  0.0 (0.00%) @ 2:05AM
Plato Learning (MM) share price Chart

Robbins Umeda LLP Announces an Investigation of the Acquisition of PLATO Learning, Inc. by an Affiliate of Thoma Bravo, LLC

Plato Learning (MM) (NASDAQ:TUTR)
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Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of PLATO Learning, Inc. ("PLATO Learning") (NASDAQ: TUTR) in connection with their actions in causing PLATO Learning to enter into a definitive merger agreement with an affiliate of Thoma Bravo, LLC. If the transaction is approved, PLATO Learning shareholders will receive $5.60 in cash for each share of PLATO Learning common stock they hold. The transaction is expected to close in PLATO Learning's fiscal quarter ending July 31, 2010.

Robbins Umeda LLP's investigation concerns whether the acceptance and recommendation of the offer by PLATO Learning's Board of Directors was the result of a fair process designed to secure the best possible price for all shareholders of PLATO Learning.

If you are a shareholder of PLATO Learning and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

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