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BALA CYNWYD, Pa.,
March 18, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of MakeMusic, Inc. ("MakeMusic" or the "Company") (Nasdaq- MMUS-News) relating to the proposed acquisition by LaunchEquity Acquisition Partners, LLC Designated Series Education Partners("LEAP"), an affiliate of LaunchEquity Partners, LLC.
Under the terms of the transaction, MakeMusic shareholders will receive only
$4.85 in cash for each share of MakeMusic stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of MakeMusic for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and will result in a loss or no significant gain for many long term MakeMusic shareholders. For example MakeMusic stock traded at
$4.88 as recently as
April 25, 2012 and
May 4, 2011.
If you own shares of MakeMusic stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.
You may contact
Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602,
Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/557-mmus-makemusic-inc.html, by calling toll free 877-LEGAL-90.
SOURCE Law Office of Brodsky & Smith, LLC