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Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Answers.com - ANSW

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^{Published in Science and Technology on Friday, February 4th 2011 at 9:15 GMT by Market Wire}  

BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Answers.com Corporation ("Answers.com" or the "Company") (Nasdaq: ANSW) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to AFCV Holdings, LLC, a portfolio company of growth equity investor Summit Partners, for a total cash consideration of approximately $127 million. Under the terms of the proposed transaction, Answers.com shareholders are to receive $10.50 in cash for each share they own.

The investigation involves whether the Board of Directors of Answers.com breached their fiduciary duties to Answers.com stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Answers.com has disclosed all material information to shareholders about the proposed transaction. Specifically, over the past six months, Answers.com shares have increased over 48% from August 20, 2010 to February 2, 2011, and the offer price is less than an 18% premium to yesterdaya™s closing price.

If you own stock in Answers.com and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at [ jstein@jonathansteinlaw.com ] or by telephone at (561) 961-2244.

The Law Office of Jonathan M. Stein, P.L.represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, [ www.jonathansteinlaw.com ], and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.