SOURCE: Brower Piven, A Professional Corporation

August 30, 2010 12:04 ET

Brower Piven Announces Class Action Lawsuit in Connection With the Acquisition of Diamond Management & Technology Consultants, Inc. by PricewaterhouseCoopers LLC

STEVENSON, MD--(Marketwire - August 30, 2010) -  Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the Illinois Circuit Court, Cook County, on behalf of all shareholders of Diamond Management & Technology Consultants, Inc. ("Diamond" or the "Company") (NASDAQ: DTPI). 

The potential claims under investigation are whether out of defendants' efforts to complete the sale of Diamond to PricewaterhouseCoopers LLC ("PwC"), allegedly via an unfair process and resulting in an unfair price. A complaint filed alleges that in pursuing the plan to sell Diamond to PwC, each of the defendants violated applicable law by directly breaching and/or aiding the other defendants' breaches of their fiduciary duties of loyalty, due care, candor, independence, good faith and fair dealing. The complaint further alleges that the terms of the merger agreement are designed to ensure the sale of Diamond to one buyer only, PwC, on terms preferential to PwC, in disregard of the interests of plaintiff and the other public stockholders of Diamond. The complaint further alleges that as part of the merger agreement, defendants agreed to several onerous, preclusive deal protection devices that effectively prevent other bidders from making successful topping bids for the Company.

If you are a current owner of shares of Diamond Management & Technology Consultants, Inc., you may obtain additional information about this lawsuit by contacting Brower Piven at www.browerpiven.com, by email at piven@browerpiven.com, by calling 410/415-6701, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 50 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

  • CONTACT:
    Charles J. Piven
    Brower Piven, A Professional Corporation
    Stevenson, Maryland
    410/415-6701
    Email Contact