BALA CYNWYD, Pa., July 16, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Leap Wireless International, Inc. ("Leap Wireless" or the "Company") (Nasdaq- LEAP -News) relating to the proposed acquisition by AT&T, Inc.
Click here to learn more about the investigation http://brodsky-smith.com/613-leap-leap-wireless-international-inc.html, or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Leap Wireless shareholders will receive only $15.00 in cash for each share of Leap Wireless stock they own. Leap Wireless shareholders will also receive a contingent right entitling them to the net proceeds derived from the sale of the Company's 700 Mhz "A Block" spectrum in Chicago. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Leap Wireless for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as Leap Wireless stock traded at $17.27 per share on July 16, 2013.
If you own shares of Leap Wireless common 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 firstname.lastname@example.org, or by visiting http://brodsky-smith.com/613-leap-leap-wireless-international-inc.html, calling toll free 877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.SOURCE Brodsky & Smith, LLC