NEW YORK, Feb. 17, 2015 (GLOBE NEWSWIRE) — Levi & Korsinsky notifies investors of E2open, Inc. (“E2open” or “the Company”) (EOPN) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the company in connection with the sale of the Company to Insight Venture Partners. A complaint was filed in California state court.
Click here to learn more about the investigation: http://zlk.9nl.com/e2open-eopn.
Under the terms of the transaction, E2open shareholders will receive $8.60 in cash for each share of E2open stock they own. The claims concern whether the Board of E2open breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Insight Venture Partners is underpaying for E2open shares. In particular, E2open shares have traded above the offer price as recently as October 8, 2014.
If you own E2open common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/e2open-eopn.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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