Levi & Korsinsky is investigating the Board of Directors of Quest Software, Inc. (“Quest” or the “Company”) (Nasdaq: QSFT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Insight Venture Partners. Under the terms of the agreement, Quest shareholders will receive $23 for each share of Quest stock they own. The transaction has a total approximate value of $2 billion.
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The investigation concerns whether the Quest Board of Directors breached their fiduciary duties to Quest stockholders by failing to adequately shop the Company before entering into this transaction and whether Insight Venture Partners is underpaying for Quest shares, thus unlawfully harming Quest stockholders. In particular, at least one analyst set a price target of $29.00 per Quest share.
If you own common stock in Quest and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972,
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