DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Market Leader, Inc. (“Market Leader”) (Nasdaq: LEDR) to Trulia, Inc. for shareholders. Under the terms of the proposed sale valued at approximately $355 million, Market Leader shareholders will only receive $6.00 in cash and 0.1553 shares of Trulia common stock for each share of Market Leader stock owned, with a total implied price of approximately $11.33 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.
The Market Leader sale investigation centers on whether Market Leader’s shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Market Leader’s stock, and whether Market Leader’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “Due to the nature of a blended cash and stock transaction, the size of the deal, the lack of a significant premium and other factors, we believe this transaction may undervalue Market Leader’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
