The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Quest Software, Inc. in Connection with the Sale of the Company to Insight Venture Partners
Levi & Korsinsky is investigating the Board of Directors of Quest
Software, Inc. (“Quest” or the “Company”) (Nasdaq: QSFT) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Insight Venture Partners.
Under the terms of the agreement, Quest shareholders will receive $23
for each share of Quest stock they own. The transaction has a total
approximate value of $2 billion.
The investigation concerns whether the Quest Board of Directors breached
their fiduciary duties to Quest stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Insight Venture Partners is underpaying for Quest shares, thus
unlawfully harming Quest stockholders. In particular, at least one
analyst set a price target of $29.00 per Quest share.
If you own common stock in Quest and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting investor
securities litigation involving financial fraud and represents investors
throughout the nation, concentrating its practice in securities and
shareholder litigation. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising. Prior
results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky,
Esq. Tel: 212-363-7500 Toll Free: 877-363-5972 Fax: