SOURCE: Levi & Korsinsky LLP

Levi & Korsinsky LLP

June 22, 2011 20:22 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Alleged Breaches of Fiduciary Duty by the Board of Nobel Learning Communities Inc. in Connection With the Sale of the Company to Leeds Equity Partners -- NLCI

NEW YORK, NY--(Marketwire - Jun 22, 2011) - Levi & Korsinsky notifies investors in Nobel Learning Communities Inc. ("Nobel Learning" or the "Company") (NASDAQ: NLCI) of claims of possible breaches of fiduciary duty and other violations of state law against the Board of Directors of the Company in connection with the sale of the Company to Leeds Equity Partners. Under the terms of the transaction, Nobel Learning shareholders will receive $11.75 per share of Nobel Learning stock they own. The transaction has a total value of approximately $125.2 million. Holders of approximately 55% of the outstanding shares of Company common stock, including members of the Board and management, have agreed to vote in favor of the transaction. A complaint was filed in the Court of Common Pleas of Philadelphia.

Click here to learn how to join the action: http://zlk.9nl.com/nobel-learning-nlci, or call: 877-363-5972.

The claims concern whether the Nobel Learning Board of Directors breached its fiduciary duties to Nobel Learning stockholders by failing to adequately shop the Company before entering into this transaction and whether Leeds Equity Partners is underpaying for Nobel Learning shares, thus unlawfully harming Nobel Learning stockholders. In particular, at least one analyst set a price target for Nobel Learning stock at $20.00 per share.

If you own common stock in Nobel Learning and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/nobel-learning-nlci.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com