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Bernstein Liebhard LLP Announces Investigation of Global Traffic Network, Inc.

  //science-technology.news-articles.net/content/2 .. investigation-of-global-traffic-network-inc.html
  Published in Science and Technology on Wednesday, August 3rd 2011 at 21:21 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Bernstein Liebhard LLP is investigating whether the Board of Directors of Global Traffic Network, Inc. (aGlobala or the aCompanya) (NASDAQ:GNET) breached its fiduciary duty to its shareholders in agreeing to sell Global to an affiliate of GTCR, LLC.

Under the terms of the agreement, Global shareholders will receive $14.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Global shareholders and the process by which the Global Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a Global shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or [ Ottensoser@bernlieb.com ].

Bernstein Liebhard has pursued hundreds of securities, [ consumer ] and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journala™s aPlaintiffsa™ Hot Lista in each of the last eight years.

Bernstein Liebhard LLP

10 East 40th Street

New York, New York 10016

(877) 779-1414

[ www.bernlieb.com ]

ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Mary U. Hoover. Prior results do not guarantee or predict a similar outcome with respect to any future matter.