Faruqi & Faruqi, LLP Announces Investigation Of Comverge, Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Comverge, Inc. (“Comverge” or the “Company”) (NASDAQ: COMV) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to the private equity firm H.I.G. Capital in a transaction valued at about $49 million. Under the terms of the proposed transaction, Comverge shareholders will receive only $1.75 in cash for each share of Comverge common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $8.65 for Comverge.

Request more information now by clicking here: www.faruqilaw.com/COMV. There is no cost or obligation to you.

Whether Comverge’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Comverge’s shares and by how much this proposed transaction undervalues the Company to the detriment of Comeverge’s shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Comverge and wish to obtain additional information and protect your investment free of charge, please visit us at www.faruqilaw.com/COMV or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Copyright Business Wire 2010

If you liked this article you might like

Thursday's Top 10 Articles, Videos on TheStreet

Thursday's Top 10 Articles, Videos on TheStreet

5 Stocks Insiders Love Right Now

5 Stocks Insiders Love Right Now

Insiders Trading COMV, CALL, GBX

Insiders Trading COMV, CALL, GBX

Comverge Avoids Crisis at a Big Price

Comverge Avoids Crisis at a Big Price

5 Stocks Under $10 Set to Soar

5 Stocks Under $10 Set to Soar