BALA CYNWYD,Pa., March 10, 2012 /PRNewswire/ --Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Quest Software, Inc. ("Quest" or the "Company") (NASDAQ: QSFT) relating to the proposed acquisition by Insight Venture Partners ("Insight").
Under the terms of the transaction, Quest shareholders would receive only $23.00 in cash for each share of Quest stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Quest for not acting in the Company's shareholders' best interests in connection with the sale process to Insight. The transaction may undervalue Quest as Quest stock traded at $26.44 on January 21, 2011 and recently traded at $24.63 on March 9, 2012. In addition, an analyst has set a price target on Quest stock at $29.00 per share.
If you own shares of Quest stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/394-qsft-quest-software-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
