WAYNE, Pa., July 16, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/leap) is investigating potential claims against the board of directors of Leap Wireless International Inc. ("Leap Wireless" or the "Company") (NASDAQ: LEAP) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to AT&T, Inc.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Leap Wireless for not acting in the Company's shareholders' best interests in connection with the sale process. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at email@example.com or visit: www.rmclasslaw.com/cases/leap.
Under the terms of the transaction, Leap Wireless shareholders will receive $15.00 per share of Leap Wireless stock they own; Leap Wireless shareholders will also receive a contingent right entitling them to the net proceeds derived from the sale of the Company's 700 Mhz "A Block" spectrum in Chicago.
If you own shares of Leap Wireless and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/leap. You may also email Mr. Maniskas at firstname.lastname@example.org. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
SOURCE Ryan & Maniskas, LLP