ACTIVE Network Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Vista Equity Partners
September 30, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of ACTIVE Network Inc. (“ACTIVE Network” or the “Company”) (NYSE: ACTV) breached its fiduciary duty to its shareholders in agreeing to sell ACTIVE Network to Vista Equity Partners.
Under the terms of the agreement, ACTIVE Network shareholders will receive $14.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to ACTIVE Network shareholders and the process by which the ACTIVE Network Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP 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 ten years.