From the Wires
Law Office of Brodsky & Smith, LLC Announces Investigation of JDA Software Group, Inc.
By: PR Newswire
Nov. 2, 2012 09:30 PM
BALA CYNWYD, Pa., Nov. 2, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of JDA Software Group, Inc. ("JDA Software" or the "Company") (Nasdaq: JDAS) relating to the proposed acquisition by RedPrairie Corporation. ("RedPrairie").
Under the terms of the transaction, JDA Software shareholders will receive only $45.00 in cash for each share on JDA Software common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of JDA Software for not acting in the Company's shareholders' best interests in connection with the sale process to RedPrairie. The investigation seeks to determine if the price being paid is fair and if conflicts of interests played a role in the transaction. For example, JDA Software's President and CEO is expected to lead the combined company.
If you own shares of JDA Software stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/496-jdas-jda-software-group-inc.html, by calling toll free 877-LEGAL-90.
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SOURCE Brodsky & Smith, LLC
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