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The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Tollgrade Co

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^{Published in Science and Technology on Friday, February 25th 2011 at 12:50 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Law Offices of Vincent Wong are 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 which Tollgrade shareholders will receive $10.10 in cash per share. The total transaction value is 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. Among other things, 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 Vincent Wong, Esq. either via email [ vw@wongesq.com ], by telephone at 212.584.2740, or visit [ http://www.wongesq.com/tollgrade-tlgd.html ].

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.