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The Law Office of Joseph Klein Investigates Global Traffic Network, Inc.

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^{Published in Science and Technology on Thursday, August 11th 2011 at 15:56 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Global Traffic Network, Inc. (NASDAQ: GNET) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of GTCR, LLC. Under the terms of the transaction, GTCR will pay Global stockholders $14.00 in cash per share of Global stock for a total transaction value of approximately $267 million.

To receive more information, click here: [ http://www.jkleinlawfirm.com/global-traffic.html ].

The investigation concerns whether the Global Board of Directors breached their fiduciary duties to Global stockholders by failing to adequately shop the Company before entering into this transaction and whether GTCR, Inc. is underpaying for Global shares. At least one analyst set a price target of $16.00 per Global share.

If you own common stock in Global and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/global-traffic.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.