Rosetta Stone Inc.
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ROSETTA STONE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ROSETTA STONE INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM
August 31, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Rosetta Stone Inc. (NYSE: RST) to Cambium Learning Group for $30 per share is fair to Rosetta Stone shareholders. On behalf of Rosetta Stone shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The investigation concerns whether Rosetta Stone and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Rosetta Stone shareholders; (2) determine whether Cambium is underpaying for Rosetta Stone; and (3) disclose all material information necessary for Rosetta Stone shareholders to adequately assess and value the proposed transaction.
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