Harwood Feffer LLP Announces Investigation of Market Leader Inc.

May 08, 2013, 21:45 ET from Harwood Feffer LLP

NEW YORK, May 8, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Market Leader Inc. ("Market Leader" or the "Company") (NASDAQ: LEDR) concerning the proposed acquisition of the Company by Trulia Inc. ("Trulia") in a transaction valued at approximately $355 million.    

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On May 8, 2013, Market Leader announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Trulia.  Under the terms of the agreement, Market Leader stockholders will receive $6 in cash and 0.155 shares of Trulia stock, or about $11.33, for each share of Market Leader owned.    

Our investigation concerns whether the Market Leader board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. 

If you own Market Leader shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com   Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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