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eResearch Technology, Inc. (ERT)

(NASDAQ: ERT)

Summary

Faruqi & Faruqi, LLP Announces Investigation of eResearch Technology, Inc. (ERT)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of eResearch Technology, Inc. (“eResearch” or the “Company”) (NASDAQ: ERT) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to affiliates of Genstar Capital LLC, a leading middle market private equity firm, in an all-cash transaction valued at about $400 million.  Under the terms of the proposed transaction, eResearch shareholders will receive $8.00 in cash per each share of eResearch common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $9.00 for eResearch.

Whether eResearch’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 the proposed transaction undervalues eResearch’s shares and by how much this proposed transaction undervalues the Company to the detriment of eResearch shareholders are the key focus of this investigation.

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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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