PHOENIXVILLE, Pa.--(BUSINESS WIRE)--The Young Law Firm, a leading national shareholder litigation firm, is investigating possible claims concerning the proposed acquisition of Leap Wireless International, Inc by AT&T Inc. The investigation concerns whether the directors of Leap Wireless have obtained fair value for the sale of the Company and have fulfilled their fiduciary duties to the Company’s shareholders in connection with the proposed sale.
Pursuant to the terms of the proposed transaction, shareholders of Leap Wireless International, Inc (Nasdaq: LEAP) will receive $15.00 in cash for each share of Leap Wireless common stock and a contingent right entitling them to the net proceeds received on the sale of Leap's 700 Mhz ‘A Block’ spectrum in Chicago. Shareholders representing approximately 29.8% of the Company's outstanding shares have entered into an agreement to vote in favor of the transaction.
Individual shareholders have rights. The Young Law Firm is seeking active and engaged shareholders interested in ensuring that their rights are being protected. If you own shares of the Company and would like to learn more about the buyout of Leap Wireless, please contact:
Henry Young Esq.
The
Young Law Firm
Toll Free: (888) 452-7252
Email: contact@theyounglf.com
or
visit: www.mergersbuyoutsandfraud.com/leap-wireless-buyout-acquisition-shareholder-lawsuit/
Henry Young Esq., the Firm’s founder, has over 10 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and class action cases in general, please visit our website: www.theyounglf.com.
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