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Law Office of Jonathan M. Stein, P.L., Investigates Possible Breach of Fiduciary Duty by the Board of Lawson Software, Inc.

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  Published in Science and Technology on Tuesday, April 26th 2011 at 9:15 GMT by Market Wire
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BOCA RATON, Fla.--([ BUSINESS WIRE ])--The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Lawson Software, Inc. ("Lawson" or the "Company") (Nasdaq: LWSN) 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 an affiliate of Golden Gate Capital and Infor. Under the terms of the proposed transaction, Lawson shareholders are to receive $11.25 in cash for each share they own, for a total transaction value of about $2 billion.

The investigation involves whether the Board of Directors of Lawson breached their fiduciary duties to Lawson stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Lawson has disclosed all material information to shareholders about the proposed transaction. Of particular interest, Lawson shares have increased over 33% from August 12, 2010 to March 7, 2011, just prior to receipt of an unsolicited proposal from Golden Gate Capital and Infor. Further, the offer is a 7.3% discount to the closing price on April 25, 2011.

If you own stock in Lawson 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.