Robbins Umeda LLP Is Investigating Nobel Learning Communities, Inc. Acquisition for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of Nobel Learning Communities, Inc. (NASDAQ: NLCI). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Nobel Learning in connection with their efforts to sell the company to Leeds Equity Partners.
On May 18, 2011, Nobel Learning announced it has entered into a definitive agreement to be acquired by Leeds Equity Partners. Under the terms of the agreement, Nobel Learning shareholders will receive $11.75 in cash for each share of Nobel Learning common stock held. The transaction is expected to be completed within the next six months.
The investigation focuses on whether Nobel Learning’s board is undertaking a fair process to obtain maximum value and adequately compensate its shareholders in light of the company’s recent positive financial performance. For example, on May 12, 2011, Nobel Learning reported strong third quarter 2011 results. Quarterly revenue beat analyst expectations, and net income and earnings for the quarter reflected a 100% increase over the prior year.
If you own stock in Nobel Learning and would like more information about your shareholder rights, please complete the form below and we will contact you directly. We also welcome you to call us at 800-350-6003.