Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of MediaMind Technologies Inc. (NASDAQ: MDMD) arising from its proposed acquisition by DG Fastchannel, Inc. (NASDAQ: DGIT).
Under the terms of the transaction, DG will commence a tender offer to purchase all of MediaMind’s outstanding shares for $22.00 per share in cash. The transaction is expected to close in the third quarter of 2011.
Weiss & Lurie is investigating whether MediaMind’s Board acted in the best interests of shareholders in approving the transaction and whether the Board properly sought to maximize shareholder value. Upon closing, Gal Trifon, President and CEO of MediaMind, will serve as DG’s Chief Digital Officer and Ofer Zadikario, MediaMind’s Chief Solutions Officer, will join DG in the same position. Additionally, at least one analyst set MediaMinds’s price target at $23, as recently as May 31, 2011.
If you own MediaMind shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at firstname.lastname@example.org or by telephone at (888) 593-4771.Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/. Attorney Advertising. Past results do not guarantee a similar outcome.