Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of Interactive Data Corporation ("Interactive Data") (NYSE: IDC) in connection with their actions in causing Interactive Data to enter into a definitive agreement with investment funds managed by Silver Lake and Warburg Pincus. If the transaction is completed, Interactive Data shareholders will receive $33.86 in cash for each share of Interactive Data they own. The companies expect the transaction to be completed in the third quarter of 2010.
Robbins Umeda LLP's investigation concerns whether Interactive Data's Board of Directors undertook a fair process to obtain fair consideration for all shareholders of Interactive Data.
If you are a shareholder of Interactive Data and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at firstname.lastname@example.org.
Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.Advertisement