BALA CYNWYD, Pa., April 11, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of eResearchTechnology, Inc. ("eResearch" or the "Company") (Nasdaq: ERT) relating to the proposed acquisition of Genstar Capital ("Genstar").
Under the terms of the transaction, eResearch shareholders would receive only $8.00 in cash for each share of eResearch stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of eResearch for not acting in the Company's shareholders' best interests in connection with the sale process to Genstar. The transaction may undervalue eResearch as eResearch stock traded at $8.11 as recently as April 3, 2012. In addition, an analyst has set a price target on eResearch stock at $9.00 per share.
If you own shares of eResearch stock and wish to discuss the legal ramifications of the proposed transaction, 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 visiting http://brodsky-smith.com/406-ert-eresearchtechnology-inc.html, or by calling toll free 877-LEGAL-90.
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