Lawsuit Overview
July 25, 2016 (Shareholders Foundation) - An investor who currently holds shares of ReachLocal Inc. (NASDAQ:RLOC), filed a lawsuit in effort to halt the proposed takeover of ReachLocal Inc. by Gannett Co., Inc at $4.60 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:RLOC stockholders by agreeing to sell ReachLocal Inc. too cheaply ...
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