BALA CYNWYD, Pa., April 19, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Bazaarvoice, Inc. ("Bazaarvoice" or the "Company") (Nasdaq- BV-News) in connection with their decision to acquire PowerReviews, Inc. ("PowerReviews").
On January 10, 2013 the Department of Justice announced that it had filed an antitrust lawsuit challenging the acquisition. Thereafter, shares of Bazaarvoice dropped from $8.97 per share to $6.54 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Bazaarvoice for not acting in the Company's shareholders' best interests in connection with the purchase of PowerReviews.
If you purchased shares of Bazaarvoice between May 15, 2012 and January 10, 2013 and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], visiting http://brodsky-smith.com/568-bv-bazaarvoice-inc.html, by calling toll free 877-LEGAL-90.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Law Office of Brodsky & Smith, LLC