NEW YORK, Sept. 27, 2016 /PRNewswire/ -- WeissLaw LLP
announced that it commenced a class action in the United
States District Court for the District of Massachusetts on behalf of shareholders of
Monster Worldwide, Inc. ("Monster"), seeking to pursue remedies
under the Securities and Exchange Act of 1934 (the "Exchange Act")
in connection with the proposed acquisition of Monster by
affiliates of Randstad Holding NV.
On August 9, 2016, Monster and
Randstad announced that they had entered into a definitive
agreement pursuant to which a Randstad affiliate will commence a
tender offer to purchase all of the outstanding shares of Monster
common stock for $3.40 per share. The
complaint seeks injunctive relief on behalf of the named plaintiff
and all Monster shareholders. The plaintiff is represented by
WeissLaw which has expertise in prosecuting investor class actions
and extensive experience in actions involving financial fraud.
The complaint alleges that in an attempt to secure shareholder
approval for the merger, the defendants filed a materially false
and/or misleading Solicitation/Recommendation Statement with the
SEC in violation of the Exchange Act. The omitted and/or
misrepresented information is believed to be material to Monster
shareholders' ability to make an informed decision whether to
approve the proposed transaction.
If you wish to serve as lead plaintiff, you must move the Court
no later than sixty days from today. If you wish to discuss this
action or have any questions concerning this notice or your rights
or interests, please contact plaintiff's counsel, Joshua M. Rubin of WeissLaw at
888.593.4771, or by e-mail at
stockinfo@weisslawllp.com. Any member of the putative
class may move the Court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
clients and obtained important corporate governance relief in many
of these cases. If you have information or would like legal advice
concerning possible corporate wrongdoing please email us at
stockinfo@weisslawllp.com.
Contact:
WeissLaw LLP
Joshua M. Rubin
1500 Broadway, 16th Floor
New York, NY 10036
212.682.3025
www.weisslawllp.com
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP