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 RightNow Technologies, Inc. (NASDAQ: RNOW) arising from its proposed acquisition by Oracle Corporation for $43.00 per share in cash, in a transaction valued at $1.5 billion. The transaction is expected to close in late 2011 or early 2012, subject to customary conditions, including RightNow shareholder approval.
Weiss & Lurie is investigating whether RightNow’s Board acted in the best interests of its shareholders in approving the transaction and whether RightNow shareholders are receiving adequate consideration for their shares. The Company has recently experienced recent success, reporting revenue of $57.7 million for the third quarter ended September 30, 2011, compared to $48.6 million in the third quarter of 2010, reflecting a 19% increase.
If you own RightNow 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 (including insider trading, waste of corporate assets, accounting fraud, or the improper dissemination of materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at
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http://www.weisslurie.com/contact/report_fraud. Attorney Advertising. Past results do not guarantee a similar outcome.