WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Leap Wireless International, Inc. (NASDAQ GS: LEAP)?
- Did you purchase any of your shares prior to July 12, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Leap Wireless International, Inc. (“Leap Wireless” or the “Company”) (NASDAQ GS: LEAP) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by AT&T Inc. (“AT&T”) (NYSE: T) in a transaction valued at approximately $1.19 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/leap-wireless-international-inc-leap.
Under the terms of the agreement, public shareholders of Leap Wireless will receive $15.00 per share in cash for each share of Leap Wireless they own.
The investigation concerns whether Leap Wireless’s board of directors failed to adequately shop the Company and obtain the best possible value for Leap Wireless’s shareholders before entering into an agreement with AT&T.
If you own the common stock of Leap Wireless and purchased your shares before July 12, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/leap-wireless-international-inc-leap.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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