& Long, P.A. announces that it is continuing its investigation
of potential legal claims against the board of directors of M*Modal Inc.
(“M*Modal” or the “Company”) (NASDAQ GS: MODL)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
One Equity Partners (“One Equity”), the private investment arm of JP
Morgan Chase & Co. in a transaction valued at approximately $1.1 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/mmodal-inc-modl.
Under the terms of the proposal, public shareholders of M*Modal will
receive $14.00 per share in cash for each share of M*Modal they own.
The investigation concerns whether M*Modal’s board of directors failed
to adequately shop the Company and obtain the best possible value for
M*Modal’s shareholders before entering into an agreement with One
Equity. According to Yahoo! Finance, at least one analyst has set a
price target for M*Modal stock at $15.00 per share.
If you own the common stock of M*Modal and purchased your shares before
July 2, 2012, if you have information or would like to learn more about
these claims, 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 Peter Allocco at Rigrodsky &
Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530 toll free at (888) 969-4242, by e-mail to email@example.com,
or at: http://www.rigrodskylong.com/investigations/mmodal-inc-modl.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.