SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 05, 2012 11:24 ET

SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Deltek, Inc. in Connection With the Sale of the Company to Thoma Bravo LLC

NEW YORK, NY--(Marketwire - Sep 5, 2012) -  Levi & Korsinsky notifies investors of Deltek, Inc. ("Deltek" or the "Company") (NASDAQ: PROJ) of claims of 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 Thoma Bravo LLC. A complaint was filed in Delaware state court.

Click here to learn more about the investigation: http://zlk.9nl.com/deltek-proj, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Deltek shareholders will receive $13.00 in cash for each Deltek share they own. The transaction has a total approximate value of $1.1 billion. The claims concern whether the Deltek Board of Directors breached their fiduciary duties to minority stockholders by entering into this transaction. An institutional investor representing 100% of Deltek's Class A and 59.5% of the Company's common stock has agreed to tender its shares. Accordingly, no further approval of the takeover is required by Deltek stockholders.

If you own common stock in Deltek 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/deltek-proj

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com