BALA CYNWYD, Pa. -- (Business Wire)
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Rentrak Corporation
("Rentrak” or "the Company") (Nasdaq: RENT) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to comScore, Inc. (“comScore”).
Click here to learn more about the investigation http://brodsky-smith.com/984-rent-rentrak-corporation.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Rentrak shareholders will receive
only 1.15 shares of comScore stock for each share of Rentrak stock they
own. The transaction values Rentrak stock at only approximately $49.62
per share. The investigation concerns whether the Board of Rentrak
breached their fiduciary duties to shareholders and whether comScore is
underpaying for Rentrak. The transaction may undervalue Rentrak and will
result in a substantial loss for many Rentrak shareholders. For example,
an analyst has set a price target for Rentrak stock at $100.00 per share
and Rentrak stock traded at $71.26 per share as recently as August 4,
2015.
If you own shares of Rentrak and wish to discuss the legal ramifications
of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/984-rent-rentrak-corporation.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 class
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 have successfully recovered millions of dollars for our
clients and shareholders. Attorney advertising. Prior results do not
guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151005006746/en/
Contacts:
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
http://brodsky-smith.com/984-rent-rentrak-corporation.html
Source: Brodsky & Smith, LLC
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