Levi & Korsinsky is investigating the Board of Directors of Learning Tree International, Inc. (“Learning Tree” or the “Company”) (NasdaqGM: LTRE) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to its Chairman and Chief Executive Officer, David Collins and his wife Mary C. Collins.
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Under the terms of the proposed transaction, Learning Tree shareholders would receive $5.25 per share in cash. The investigation concerns, among other things, whether the consideration to be paid to Learning Tree shareholders is unfair, inadequate, and substantially below the fair or inherent value of Learning Tree, and whether Collins is taking advantage of his position as a controlling shareholder in order to purchase the Company at an unfair price. Learning Tree stock has traded as high as $6.19 per share as recently May 13, 2012.
If you own common stock in Learning Tree and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/learning-tree-international-ltre.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.