Trulia, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Zillow, Inc.
July 28, 2014
Bernstein Liebhard LLP is investigating whether the Board of Directors of Trulia, Inc. (“Trulia” or the “Company”) (NYSE: TRLA) breached its fiduciary duty to its shareholders in agreeing to sell Trulia to Zillow, Inc. (“Zillow”).
Under the terms of the agreement, Trulia shareholders will receive 0.444 shares of Class A common stock of Zillow for each share they own. The investigation is focused on the potential unfairness of the price to Trulia shareholders and the process by which the Trulia 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 twelve years.