Law Firm Brower Piven Announces Investigation Of Greenway Medical Technologies, Inc. Going Private Transaction

The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Greenway Medical Technologies, Inc. (“Greenway” or the “Company”) (NYSE: GWAY) and other violations of state law by the board of directors of Greenway relating to the proposed going private transaction of the Company by private equity firm Vista Equity Partners, the owner of Vitera Healthcare Solutions, LLC. The transaction will result in the combination of the businesses of Greenway and Vitera Healthcare Solutions. The firm’s investigation seeks to determine, among other things, whether the board of directors of Greenway breached their fiduciary duties by failing to maximize shareholder value.

According to the press release announcing the proposed going private transaction, Vista Equity Partners will pay Greenway stockholders $20.35 in cash for each share of Greenway common stock they hold.

If you currently own common stock of Greenway and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Copyright Business Wire 2010

If you liked this article you might like

Jim Cramer's 'Mad Money' Recap: An Incredibly Resilient Market

Greenway Medical Technologies Inc Stock Upgraded (GWAY)

Greenway Medical Technologies Inc Stock Downgraded (GWAY)

Cramer's 'Mad Money' Recap: Staying Cautious for Coming Week's Earnings

Greenway IPO Pops on Opening