May 06, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of BMC Software, Inc. (“BMC” or the “Company”) (NASDAQ: BMC) breached its fiduciary duty to its shareholders in agreeing to sell BMC to Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd and Insight Venture Partners (collectively, the “Investor Group”).
Under the terms of the agreement, BMC shareholders will receive $46.25 in cash for each share they own. The investigation is focused on the potential unfairness of the price to BMC shareholders and the process by which the BMC 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.