Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Lawson Software, Inc.
26 Abril 2011 - 11:01AM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Lawson Software, Inc. ("Lawson" or the
"Company") (Nasdaq: LWSN) for possible breaches of fiduciary duty
and other violations of state law in connection with their attempt
to complete a sale of the Company to an affiliate of Golden Gate
Capital and Infor. Under the terms of the proposed transaction,
Lawson shareholders are to receive $11.25 in cash for each share
they own, for a total transaction value of about $2 billion.
The investigation involves whether the Board of Directors of
Lawson breached their fiduciary duties to Lawson stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction and whether Lawson has disclosed all material
information to shareholders about the proposed transaction. Of
particular interest, Lawson shares have increased over 33% from
August 12, 2010 to March 7, 2011, just prior to receipt of an
unsolicited proposal from Golden Gate Capital and Infor. Further,
the offer is a 7.3% discount to the closing price on April 25,
2011.
If you own stock in Lawson and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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