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Rigrodsky & Long, P.A. Announces Investigation of Vertro, Inc.

^{Published on 2011-10-17 09:31:28 - Market Wire}
 

WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of Vertro, Inc. (aVertroa or the aCompanya) (Nasdaq: [ VTRO ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companya™s entry into an agreement to be acquired by Inuvo, Inc. (aInuvoa) in a transaction with an approximate value of approximately $19.5 million.

Click here to learn more and to discuss your shareholder rights: [ http://investigations.rigrodskylong.com/vertroinc-vtro/ ].

Under the proposed agreement, Vertro shareholders will receive 1.546 shares of Inuvo common stock for each share of Vertro common stock they own.

The investigation concerns whether Vertroa™s board of directors adequately shopped the Company to obtain the best price possible for Vertroa™s shareholders before entering into the agreement with Inuvo. Moreover, according to Yahoo! Finance, at least one analyst has set a $3.00 per share stock price for Vertro stock.

If you own the common stock of Vertro and purchased your shares before October 17, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].

[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation ] and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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