The Law Offices Of Vincent Wong Announce An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Tollgrade Communications, Inc. In Connection With The Sale Of The Company To Golden Gate Capital – TLGD

The Law Offices of Vincent Wong are investigating the Board of Directors of Tollgrade Communications (Nasdaq: TLGD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of Golden Gate Capital under which Tollgrade shareholders will receive $10.10 in cash per share. The total transaction value is approximately $137 million.

The investigation concerns whether the Tollgrade Board of Directors breached their fiduciary duties to Tollgrade stockholders by failing to adequately shop the Company before entering into this transaction and whether Golden Gate Capital is underpaying for Tollgrade shares. Among other things, Tollgrade stock traded as high as $10.20 per share as recently as February 16, 2011.

If you own common stock in Tollgrade and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/tollgrade-tlgd.html.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX