TRULIA INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Trulia, Inc. (TRLA) Over the Proposed Sale of the Company to Zillow, Inc. (Z)
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 Trulia, Inc. (“Trulia” or the “Company”) (NYSE: TRLA) for potential breaches of fiduciary duties in connection with the sale of the Company to Zillow, Inc. in an all-stock deal worth approximately $3.5 billion. The Company’s stockholders will only receive 0.444 shares of Zillow common stock for each share of Trulia common stock they own.
The investigation focuses on whether Trulia’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Trulia’s shareholders.
If you own common stock in Trulia and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org 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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