Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the proposed sale of Learning Tree International, Inc. (“Learning Tree”)(NasdaqGM: LTRE) to David C. Collins, the chairman of the board and chief executive officer, and his wife, Mary C. Collins. Under the proposed transaction, Learning Tree shareholders will only receive $5.25 per share of Learning Tree stock owned, well below the 52 week high of $8.66 per share.
There is no cost or fee for affected LTRE investors to join the action, so if you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com.
The investigation centers on the conduct of Learning Tree’s Board of Directors in considering the offer by the Collinses. Specifically, the firms are investigating whether Learning Tree shareholders would receive adequate compensation for their shares in the proposed buyout, whether the transaction undervalues Learning Tree stock, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.
“Although we hope that Learning Tree’s Board of Directors is doing everything possible to negotiate a better price for the shareholders, because of Collins' position within Learning Tree, we are concerned that the Board is not doing all that it can to maximize shareholder value. We are concerned that the Board of Directors may not be acting in the best interests of the shareholders,” said shareholder rights attorney Willie Briscoe.The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.