STEVENSON, Md., Aug. 12, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Delaware Court of Chancery on behalf of all common stockholders of Trulia, Inc. ("Trulia" or the "Company") (NYSE:TRLA) relating to the proposed buyout of the Company by Zillow, Inc. ("Zillow").
On July 28, 2014, Zillow announced that it has entered into a definitive agreement to acquire Trulia in a merger valued at approximately $3.5 billion. Under the terms of the transaction, Trulia shareholders are anticipated to receive 0.444 of a Zillow share for each share of Trulia stock they own.
The claims asserted in the lawsuit concern whether the Board of Directors of Trulia breached their fiduciary duties to stockholders by failing to maximize shareholder value before agreeing to enter into an agreement with Zillow, and whether Zillow is underpaying for Trulia shares.
If you currently own common stock of Trulia and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.