Tue, June 21, 2011
Mon, June 20, 2011
Sun, June 19, 2011
Sat, June 18, 2011
Fri, June 17, 2011
Thu, June 16, 2011
Wed, June 15, 2011
Tue, June 14, 2011
Mon, June 13, 2011
Fri, June 10, 2011
Thu, June 9, 2011
[ Thu, Jun 09th 2011 ] - Market Wire
Now What?
Wed, June 8, 2011
Tue, June 7, 2011
[ Tue, Jun 07th 2011 ] - Market Wire
Armageddon
Mon, June 6, 2011
Sat, June 4, 2011
Fri, June 3, 2011
[ Fri, Jun 03rd 2011 ] - Market Wire
EA Launches Origin
Thu, June 2, 2011

The Law Office of Abe Shainberg Announces Investigation of Ness Technologies, Inc. -- NSTC


//science-technology.news-articles.net/content/2 .. investigation-of-ness-technologies-inc-nstc.html
Published in Science and Technology on by Market Wire   Print publication without navigation


NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of Ness Technologies, Inc. (NASDAQ: NSTC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of Citi Venture Capital International. Under the terms of the proposed transaction, Ness stockholders will receive $7.75 per share in cash for a total transaction value of approximately $307 million.

The investigation concerns whether the Ness Board of Directors breached their fiduciary duties to Ness stockholders by failing to adequately shop the Company before entering into this transaction and whether Citi Venture Capital International is underpaying for Ness shares. At least one analyst set a target price for Ness stock at $8.00 per share and the company reported a book value for the last quarter at $9.34 per share.

If you own common stock in Ness and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/ness-technologies.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.


Publication Contributing Sources