Rigrodsky & Long, P.A.:
  • Do you own shares of Quality Distribution, Inc. (NASDAQ GM: QLTY)?
  • Did you purchase any of your shares prior to May 7, 2015?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Quality Distribution, Inc. ("Quality Distribution" or the "Company") (NASDAQ GM: QLTY) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by funds advised by Apax Partners ("Apax"), in a transaction valued at approximately $800 million.

Click here to learn more: http://rigrodskylong.com/investigations/quality-distribution-inc-qlty.

Under the terms of the agreement, public shareholders of Quality Distribution would receive $16.00 in cash for each share of Quality Distribution they own.

The investigation concerns whether Quality Distribution's board of directors failed to adequately shop the Company and obtain the best possible value for Quality Distribution's shareholders before entering into an agreement with Apax. According to Yahoo! Finance, at least one analyst has issued a price target for Quality Distribution stock at $18.00 per share.

If you own the common stock of Quality Distribution and purchased your shares before May 7, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/quality-distribution-inc-qlty.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Copyright Business Wire 2010