DALLAS, March 14, 2012 /PRNewswire/ -- Securities lawyers at Goldfarb LLP announced a class action was filed against officers and directors of Quest Software, Inc. (Nasdaq: QSFT) for violating shareholder protection laws by agreeing to a buyout for $23.00 per share. Concerned Quest Software investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] about their rights and remedies.
"Although the average premium in the industry is 49%, this buyout is only an 18% premium to Quest's stock price," said Hamilton Lindley. "Additionally, two analysts have target prices over the buyout price--from $26-$29 per share. Our shareholder lawsuit seeks to ensure the highest price reasonably available and the most information is disclosed to investors of the company."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Quest Software stockholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855 with questions or concerns.
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SOURCE Goldfarb LLP