NEW YORK, Dec. 23, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Riverbed Technology, Inc. ("Riverbed" or "the Company") (Nasdaq:RVBD) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to a Consortium led by Thoma Bravo, LLC and Teachers' Private Capital. A complaint was filed in Delaware state court.
Click here to learn more about the action: http://zlk.9nl.com/riverbedtechnology-rvbd.
Under the terms of the transaction, Riverbed shareholders will receive $21.00 for each share of Riverbed stock they own. The claims concern whether the Board of Riverbed breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether the Consortium is underpaying for Riverbed shares.
If you own Riverbed common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/riverbedtechnology-rvbd.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.