The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Quest Software, Inc. In Connection With The Sale Of The Company To Insight Venture Partners
Levi & Korsinsky is investigating the Board of Directors of Quest
Levi & Korsinsky is investigating the Board of Directors of Quest Software, Inc. (“Quest” or the “Company”) (Nasdaq: QSFT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Insight Venture Partners. Under the terms of the agreement, Quest shareholders will receive $23 for each share of Quest stock they own. The transaction has a total approximate value of $2 billion. Click here to learn how to join the action: http://www.zlk.com/quest-software-qsft, or call: 877-363-5972. There is no cost or obligation to you. The investigation concerns whether the Quest Board of Directors breached their fiduciary duties to Quest stockholders by failing to adequately shop the Company before entering into this transaction and whether Insight Venture Partners is underpaying for Quest shares, thus unlawfully harming Quest stockholders. In particular, at least one analyst set a price target of $29.00 per Quest share. If you own common stock in Quest 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, http://www.zlk.com. Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Quest Software (Nasdaq:QSFT) hit a new 52-week high Tuesday as it is currently trading at $28, above its previous 52-week high of $27.99 with 96,408 shares traded as of 9:40 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.