Bernstein Liebhard LLP Announces Investigation Into the Proposed Sale of Yume, Inc.
October 17, 2017
Bernstein Liebhard LLP is investigating whether the Board of Directors of YuMe, Inc. (“YuMe” or the “Company”) (NYSE: YUME) is breaching its fiduciary duties to its shareholders by agreeing to sell the Company to affiliates of RhythmOne, PLC and Redwood Merger Sub II, Inc. (collectively, “RhythmOne”). Under the terms of the acquisition agreement, YuMe shareholders will receive 1) $1.70 in cash and 2) 7.325 shares of RhythmOne stock in exchange for each share of YuMe.
The investigation is focused on the potential unfairness of the consideration offered to YuMe shareholders and the process by which the YuMe Board of Directors considered and approved the acquisition.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer, and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times.