WeissLaw LLP Investigates KAYAK Software Corp.
NEW YORK -- November 08, 2012
WeissLaw LLP, a national class action and shareholder rights law firm with
offices in New York City and Los Angeles, is investigating possible breaches
of fiduciary duty and other violations of law by the Board of Directors of
KAYAK Software Corp. (NASDAQ: KYAK) arising from its agreement for KAYAK to be
acquired by Priceline.com Inc. (NASDAQ: PCLN), in a cash-and-stock deal valued
at approximately $1.8 billion. The proposed transaction values KAYAK at $40 a
WeissLaw LLP is investigating whether KAYAK’s Board is acting to maximize
shareholder value for KAYAK’s public shareholders in approving this deal and
whether the Board engaged in a robust sale process in shopping the company. On
November 8, 2012, KAYAK reported record results, including: revenue of $78.6
million, a 29% increase from $61.2 million in the third quarter of 2011;
adjusted EBITDA of $21.1 million, a 19% increase from $17.7 million in the
third quarter of 2011; and net income of $8.0 million, a 14% increase from
$7.0 million in the third quarter of 2011. Additionally, KAYAK’s current
management team will continue to manage KAYAK’s operations as part of the
Priceline group of companies. If you own KAYAK shares and would like more
information about your rights as a shareholder or additional information
concerning our investigation, please contact Michael A. Rogovin either by
email at email@example.com or by telephone at (888) 593-4771.
WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have recovered
over a billion dollars for defrauded institutions and individuals and obtained
important corporate governance in these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or issuing
materially misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business practices), or
anti-trust violations, please email us at firstname.lastname@example.org or fill out the
form on our website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.
Michael A. Rogovin, Esq.
1500 Broadway, 16^th Floor
New York, NY 10036
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