MetroPCS Communications, Inc. Board of Directors Under Investigation for
Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP
LOS ANGELES -- October 05, 2012
Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims against the Board of Directors of MetroPCS Communications, Inc.
(“MetroPCS” or the “Company”) (NYSE: PCS) related to the proposed acquisition
of the Company by T-Mobile USA. The transaction is valued at approximately
$1.5 billion, or $4.09 per share prior to a reverse stock split.
This investigation concerns whether the Board of Directors of MetroPCS
breached their fiduciary duties to stockholders by failing to adequately shop
the Company before agreeing to enter into the proposed transaction, and
whether the Company has disclosed all material information to shareholders
about the transaction. The Company has seen substantial recent growth.
Further, at least one analyst has set a target price for the Company’s stock
If you are a shareholder of MetroPCS, if you have information or would like to
learn more about our investigation, 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 Louis Boyarsky, Esquire, Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA
90067, by telephone at 310-201-9150 or Toll-Free at 888-773-9224 or by email
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
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