Buyout of eResearchTechnology - Shareholder Investigation by Tripp Levy PLLC on Behalf of eResearch Shareholders
NEW YORK, April 10, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, is investigating the Board of Directors of eResearchTechnology ("eResearch" or the "Company") (Nasdaq: ERT) for possible breaches of fiduciary duty and other violations of state law. On April 10, 2012, ERT announced that it has entered into a merger agreement to be acquired by the private equity firm Genstar Capital for only $8 per share.
The investigation concerns, among other things, whether the consideration to be paid to eResearch shareholders is unfair, inadequate, and substantially below the fair or inherent value of eResearch. Indeed, analysts project the stock of eResearch is worth at least $11 per share.
If you own common stock in eResearch and wish to obtain additional information, please contact us at:
Tripp Levy PLLC
Toll free: 877-772-3975
SOURCE Tripp Levy PLLC