The Briscoe Law Firm Investigates Salary.com, Inc. on Behalf of Shareholders for Possible Breaches of Fiduciary Duties by its Officers and Directors
DALLAS--(BUSINESS WIRE)--The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Salary.com, Inc. (“SLRY” or “Company”) (Nasdaq: SLRY) in connection with the recently announced sale of the Company to Kenexa Corporation (Nasdaq: KNXA). Under the terms of the proposed transaction, SLRY shareholders would receive only $4.07 per share in a transaction that is expected to close in the fourth quarter of 2010. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Salary.com for approving this merger, whether the consideration to be received by the shareholders of Salary.com is fair, and whether Salary.com’s Board of Directors acted in the shareholders’ best interests.
Salary.com had recently announced financial reports that demonstrated it had achieved positive operating cash flow earlier than anticipated, and also announced that its strategic realignment had been completed.
If you currently own or purchased Salary.com, Inc. (SLRY) shares and would like additional information regarding this investigation, or if you have information regarding the allegations against Salary.com, Inc., please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a shareholder litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.