NEW YORK, May 18, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Nobel Learning Communities Inc. ("Nobel Learning" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Leeds Equity Partners. Under the terms of the transaction, Nobel Learning shareholders will receive $11.75 per share of Nobel Learning stock they own. The transaction has a total value of approximately $125.2 million. Holders of approximately 55% of the outstanding shares of Company common stock, including members of the Board and management, have agreed to vote in favor of the transaction.
Click here to learn how to join the action: http://zlk.9nl.com/nobel-nlci, or call: 877-363-5972.
The investigation concerns whether the Nobel Learning Board of Directors breached their fiduciary duties to Nobel Learning stockholders by failing to adequately shop the Company before entering into this transaction and whether Leeds Equity Partners is underpaying for Nobel Learning shares, thus unlawfully harming Nobel Learning stockholders. In particular, at least one analyst set a price target for Nobel Learning stock at $20.00 per share.
If you own common stock in Nobel Learning and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/nobel-nlci.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com