October 22, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Ancestry.com Inc. (“Ancestry.com” or the “Company”) (NASDAQ: ACOM) breached its fiduciary duty to its shareholders in agreeing to sell Ancestry.com to a company owned by Permira.
Under the terms of the agreement, Ancestry.com shareholders will receive $32.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Ancestry.com shareholders and the process by which the Ancestry.com 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 nine years.