Law Office of Brodsky & Smith, LLC Announces Investigation of
BALA CYNWYD, Pa. -- April 14, 2012
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of eResearchTechnology, Inc.
(“eResearch” or the “Company”) (Nasdaq: ERT) relating to the proposed
acquisition by Genstar Capital (“Genstar.”).
Under the terms of the transaction, eResearch shareholders would receive only
$8.00 in cash for each share of eResearch stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations of state law
by the Board of Directors of eResearch for not acting in the Company’s
shareholders' best interests in connection with the sale process to Genstar.
The transaction may undervalue eResearch as eResearch stock traded at $8.11 as
recently as April 3, 2012. In addition, an analyst has set a price target on
eResearch stock at $9.00 per share.
If you own shares of eResearch stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/406-ert-eresearchtechnology-inc.html, or by calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
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