NEW YORK, June 18, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Medidata
Solutions, Inc. ("MDSO" or the "Company") (NASDAQ: MDSO) in
connection with the proposed acquisition of the Company by
Paris-based Dassault Systèmes SE
("Dassault"). Under the terms of the agreement, MDSO
shareholders will receive $92.25 in
cash for each MDSO share they own.
If you are a shareholder of MDSO who wishes to
discuss the investigation or have any questions about this notice
and your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)593-4771
stockinfo@weisslawllp.com
Or visit our website
http://www.weisslawllp.com/medidata-software-inc/
Or follow us on Twitter
@MarketsAlert
WeissLaw is investigating whether MDSO's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, MDSO shares traded for $98.60, or nearly $6.50 above the offer price, as recently as
April. Additionally, the Company recently announced positive
financial results. It reported total revenue of $173.5 million, representing an increase of 16%
year-over-year when compared to the $149.2
million the Company reported in the same period of the
previous year. MDSO also reported 16% annual growth in subscription
revenue.
WeissLaw is also investigating whether MDSO's Board conducted a
fair process in agreeing to the proposed merger, whether the
proposed merger undervalues the Company, and whether all material
information related to the proposed merger is fully and fairly
disclosed.
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
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP