Press Releases

The Law Office Of Abe Shainberg Announces An Investigation Into The Possible Breaches Of Fiduciary Duty By The Board Of Salary.com In Connection With The Sale Of The Company To Kenexa Corporation - SLRY

 

The Law Office of Abe Shainberg is investigating the Board of Directors of Salary.com (NasdaqCM: SLRY) for possible breaches of fiduciary duty and other violations of state law in connection with sale of the Company to Kenexa Corporation (NasdaqGS: KNXA). Under the terms of the proposed transaction, Salary.com shareholders will receive $4.07 in cash for each share of Salary.com common stock they own for a total transaction value of approximately $80 million.

The investigation concerns whether the Salary.com Board of Directors breached their fiduciary duties to Salary.com shareholders by failing to adequately shop the Company before entering into this transaction and whether Kenexa is underpaying for Salary.com shares.

If you are a shareholder in Salary.com and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/salary-com-slry.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.

>To order reprints of this article, click here: Reprints

Copyright Business Wire 2010

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,454.83 1,317.82 2,837.53 17.45
Oil *
107.26
DOWN
74.92
DOWN
2.86
DOWN
1.85
DOWN
0.14
10 Yr
1.74%
SPDR Gold
152.68
-0.60%
-0.22%
-0.07%
-0.80%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet