The Law Office of Abe Shainberg is investigating the Board of Directors of MediaMind Technologies Inc (MediaMind or the Company) (NASDAQ: MDMD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to FastChannel, Inc. Under the terms of the agreement, MediaMind shareholders will receive $22 per share of MediaMind stock they own, for a total enterprise value of $414 million.
The investigation concerns whether MediaMind Board of Directors breached their fiduciary duties to MediaMind stockholders by failing to adequately shop the Company before entering into this transaction and whether FastChannel is underpaying for MediaMind shares, thus unlawfully harming MediaMind stockholders. In particular, at least one analyst set a target price for MediaMind stock of $23 per share.
If you own common stock in MediaMind and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at
or by telephone at (212) 425-7286, or visit
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. Attorney advertising. Prior results do not guarantee similar outcomes.