Faruqi & Faruqi, LLP Announces Investigation Of MediaMind Technologies, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of MediaMind Technologies, Inc. (“MediaMind” or the “Company”) (NasdaqGS: MDMD) for potential breaches of fiduciary duties in connection with their duty to disclose material information in the Solicitation/Recommendation Statement filed by the Company with the SEC on June 24, 2011. The Solicitation/Recommendation Statement sets forth the terms of the merger agreement entered into by the Company and DG Acquisition Corp. VII on June 15, 2011. In accordance with the terms of the agreement, MediaMind’s shareholders will receive $22 in cash for each share of the Company they own. According to Yahoo! Finance, at least one financial analyst has set a price target of $23 per share for MediaMind stock. The transaction is structured in such a manner that it may be effectuated without a shareholder vote.
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Whether MediaMind’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to disclose all material information in the Solicitation/Recommendation Statement; whether it failed to maximize shareholder value and if so by how much the sale undervalues the Company to the detriment of MediaMind’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.If you own common stock in MediaMind and wish to obtain additional information, please visit us at www.faruqilaw.com/MDMD or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
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