The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Covisint Corporation in Connection with the Sale of the Company to OpenText

The Law Offices of Vincent Wong are investigating the Board of Directors of Covisint Corporation COVS for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to OpenText OTEX. Under the terms of the deal, Covisint shareholders will receive $2.45 per share.

The investigation concerns whether the Covisint Board of Directors breached their fiduciary duties to Covisint stockholders by failing to adequately shop the Company before entering into this transaction and whether OpenText is underpaying for Covisint shares, thus unlawfully harming Covisint stockholders.

If you own common stock in Covisint and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/COVS-Info-Request-Form-1623.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!