Science & Technology
Science and Technology
Science and Technology 
Tue, March 15, 2011
Mon, March 14, 2011
Harwood Feffer LLP Announces Investigation of Lawson Software, Inc.
NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Lawson Software, Inc. (NASDAQ:LWSN) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell LWSN to private investment companies Infor and Golden Gate Capital in a transaction valued at approximately $1.8 billion.
Under the terms of the definitive agreement, LWSN shareholders will receive $11.25 per share. The $11.25 price fails to account for the strong growth in quarter over quarter net income reported by LWSN. LWSN reported a 223% increase in net income for the third quarter of 2010 as compared to 2009. Further, the price to be paid by the investment companies is significantly less than analyst estimates for LWSN, one of which has been targeted at $13.00 per share. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the consideration of the transaction by the Company's board of directors; in particular, whether the Company is conducting a fair process to obtain fair consideration for all shareholders of LWSN.
If you own shares of LWSN and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Matthew Houston toll free at (877) 935-7400 or to sign up online, visit [ www.hfesq.com ]. You may also email Mr. Houston at [ mhouston@hfesq.com ]. For more information about class action cases in general, please visit our website: [ www.hfesq.com ].
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
Attorney Advertising. (C) 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.