BALA CYNWYD, Pa. -- (Business Wire)
Law office of Brodsky & Smith, LLC announces that it has filed in The
United States District Court for the Southern District of Texas a
shareholder class action alleging breaches of fiduciary duty against the
Board of Directors of Multimedia Games Holding, Inc. (“Multimedia” or
the “Company”) (Nasdaq: MGAM) relating to the proposed acquisition by
Global Cash Access Holdings, Inc. (“Global Cash”).
Click here to learn more about the litigation http://brodsky-smith.com/815-mgam-multimedia-games-holding-company-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Multimedia shareholders will receive
only $36.50 in cash for each share of Multimedia stock they own. The
litigation concerns possible breaches of fiduciary duty and other
violations by the Board of Directors of Multimedia for not acting in the
Company’s shareholders' best interests in connection with the sale
process. The transaction may undervalue Multimedia and represents a loss
for many long term Multimedia shareholders. For example, Multimedia
stock traded at $39.24 per share on August 30, 2013 and an analyst has
set a $37.00 per share price target for Multimedia stock.
If you own shares of Multimedia common stock and wish to discuss the
legal ramifications of the litigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail
at investorrelations@brodsky-smith.com,
by visiting http://brodsky-smith.com/815-mgam-multimedia-games-holding-company-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
similar outcome.
Contacts:
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/815-mgam-multimedia-games-holding-company-inc.html
Source: Brodsky & Smith, LLC
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