NEW YORK, Oct. 2, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Rentrak Corporation ("Rentrak" or the "Company") (NasdaqGS: RENT) concerning possible breaches of fiduciary duty and other violations of law related to the to the proposed sale of the Company to comScore, Inc. ("comScore").
If you own shares of Rentrak and would like to learn more about the Rentrak shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com.
Under the terms of the transaction, shareholders of Rentrak will receive 1.15 shares of comScore for each share of Rentrak stock held. Based on Rentrak's closing price on September 28, 2015, Rentrak shareholders would have received compensation valued at approximately $49.62 per share. The investigation relates to whether the proposed sale is fair to the public shareholders and if the Company's Board of Directors breached their fiduciary duties to shareholders.
About Morgan & Morgan
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
Attorney advertising. Prior results do not guarantee a similar outcome.
Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-732-5200
info@morgansecuritieslaw.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/morgan--morgan-announces-the-investigation-of-the-fairness-of-the-proposed-sale-of-rentrak-corporation--rent-300153445.html
SOURCE Morgan & Morgan
