The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Tollgrade Communications,...
February 22 2011 - 7:32PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Tollgrade Communications (Nasdaq: TLGD) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to an affiliate of Golden
Gate Capital. Under the terms of the deal, Tollgrade shareholders
will receive $10.10 in cash per share for a total transaction value
of approximately $137 million.
The investigation concerns whether the Tollgrade Board of
Directors breached their fiduciary duties to Tollgrade stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Golden Gate Capital is underpaying for
Tollgrade shares, thus unlawfully harming Tollgrade stockholders.
In fact, Tollgrade stock traded as high as $10.20 per share as
recently as February 16, 2011.
If you own common stock in Tollgrade and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/tollgrade-tlgd.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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