Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Market Leader, Inc. (LEDR)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Market Leader, Inc. (“Market Leader” or the “Company”) (NASDAQ: LEDR) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Trulia, Inc. (NYSE: TRLA) (“Trulia”) in a deal valued at approximately $355 million. Under the terms of the proposed transaction, Market Leader’s stockholders will receive 0.1553 shares of Trulia common stock and $6.00 for each share of Market Leader common stock they own, a total implied price of approximately $11.33 per share.
The investigation focuses on whether Market Leader’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Market Leader’s shareholders.
If you own common stock in Market Leader and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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