The Law Offices of Vincent Wong are investigating the Board of Directors of RightNow Technologies Inc. (“RightNow” or the “Company”) (NASDAQ: RNOW) of claims of possible breaches of fiduciary duty and other violations of state law against the Board of Directors in connection with the sale of the Company to Oracle Corporation (NASDAQ: ORCL). Under the terms of the transaction, RightNow shareholders will receive $43.00 per share of RightNow stock they own. The transaction is valued at approximately $1.5 billion, including the assumption of debt. A complaint was filed in Delaware state court.
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The claims concern whether the RightNow Board of Directors breached their fiduciary duties to RightNow stockholders by failing to adequately shop the Company before entering into this transaction and whether Oracle Corporation is underpaying for RightNow shares, thus unlawfully harming RightNow stockholders.
If you own common stock in RightNow and wish to obtain additional information, please contact Vincent Wong, Esq. either via email
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Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.