SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

February 12, 2013 11:28 ET

SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Pervasive Software Inc. in Connection With the Sale of the Company to Actian Corporation

NEW YORK, NY--(Marketwire - Feb 12, 2013) -  Levi & Korsinsky notifies investors of Pervasive Software, Inc. ("Pervasive" or the "Company") (NASDAQ: PVSW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Actian Corporation. A complaint was filed in Delaware state court.

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

Under the terms of the transaction, Pervasive shareholders will receive $9.20 for each share of Pervasive stock they own, for a total approximate transactional value of $161.9 million. The claims concern whether the Pervasive Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Actian is underpaying for Pervasive shares, thus unlawfully harming Pervasive stockholders.

If you own common stock in Pervasive 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/pervasive-software/

Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. 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: (866) 367-6510
    www.zlk.com