eResearchTechnology, Inc. (ERT) Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Affiliates of Genstar Capital LLC
April 10, 2012
Bernstein Liehhard LLP is investigating whether the Board of Directors of eResearchTechnology, Inc. (“ERT” or the “Company”) (NASDAQ: ERT) breached its fiduciary duty to its shareholders in agreeing to sell ERT to affiliates of Genstar Capital LLC.
Under the terms of the agreement, ERT shareholders will receive $8.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to ERT shareholders and the process by which the ERT Board of Directors considered and approved the transaction.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.