NEW YORK, March 9, 2012 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Quest Software, Inc. ("Quest" or the "Company") (NASDAQ: QSFT) is breaching its fiduciary duty to its shareholders in connection with the definitive agreements it has entered into with affiliates of Insight Venture Partners ("Insight"), to take the Company private.
Under the terms of the agreement, Quest (QSFT) shareholders not affiliated with the buyout group would receive $23.00 per share in cash for each share of common stock they own. The investigation is focused on the potential unfairness of the price to Quest (QSFT) shareholders and the process by which the Quest (QSFT) Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Quest (QSFT) shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last nine years.
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SOURCE Bernstein Liebhard LLP