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The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Tollgrade Communications, I

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^{Published in Science and Technology on Tuesday, February 22nd 2011 at 16:40 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Tollgrade Communications (Nasdaq: TLGD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of Golden Gate Capital. Under the terms of the deal, Tollgrade shareholders will receive $10.10 in cash per share for a total transaction value of approximately $137 million.

The investigation concerns whether the Tollgrade Board of Directors breached their fiduciary duties to Tollgrade stockholders by failing to adequately shop the Company before entering into this transaction and whether Golden Gate Capital is underpaying for Tollgrade shares, thus unlawfully harming Tollgrade stockholders. In fact, Tollgrade stock traded as high as $10.20 per share as recently as February 16, 2011.

If you own common stock in Tollgrade and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/tollgrade-tlgd.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.