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The Law Firm of Weiss & Lurie Investigates the Acquisition of Nobel Learning Communities

2011-05-25 17:19 ET - News Release


NEW YORK -- (Business Wire)

Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Nobel Learning Communities, Inc. (NasdaqGM: NLCI) arising from its proposed acquisition by Leeds Equity Partners for $11.75 per share. The acquisition is expected to close within the next six months.

Weiss & Lurie is investigating whether Nobel’s Board acted in the best interests of shareholders in approving the transaction and whether the Board properly sought to maximize shareholder value, such as by adequately shopping the Company. Shareholders have the right to know the process and rationale of Nobel’s Board in approving the transaction, as well as any conflicts of interest. Notably, stockholders holding approximately 55% of the outstanding Nobel common stock, including the Company's Board and executive management team, have executed written agreements to vote in favor of the transaction, thereby denying other shareholders a meaningful vote.

If you own Nobel shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun either by email at info@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts:

Weiss & Lurie
Julia J. Sun, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslurie.com

Source: Weiss & Lurie

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