Plato Learning (MM) (NASDAQ:TUTR)
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5 Years : From Mar 2012 to Mar 2017
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 [email protected]
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.