Brower Piven Announces Class Action Lawsuit in Connection With the Acquisition of Diamond Management & Technology Consultants, I
August 30 2010 - 11:04AM
Marketwired
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the Illinois Circuit Court,
Cook County, on behalf of all shareholders of Diamond Management
& Technology Consultants, Inc. ("Diamond" or the "Company")
(NASDAQ: DTPI).
The potential claims under investigation are whether out of
defendants' efforts to complete the sale of Diamond to
PricewaterhouseCoopers LLC ("PwC"), allegedly via an unfair process
and resulting in an unfair price. A complaint filed alleges that in
pursuing the plan to sell Diamond to PwC, each of the defendants
violated applicable law by directly breaching and/or aiding the
other defendants' breaches of their fiduciary duties of loyalty,
due care, candor, independence, good faith and fair dealing. The
complaint further alleges that the terms of the merger agreement
are designed to ensure the sale of Diamond to one buyer only, PwC,
on terms preferential to PwC, in disregard of the interests of
plaintiff and the other public stockholders of Diamond. The
complaint further alleges that as part of the merger agreement,
defendants agreed to several onerous, preclusive deal protection
devices that effectively prevent other bidders from making
successful topping bids for the Company.
If you are a current owner of shares of Diamond Management &
Technology Consultants, Inc., you may obtain additional information
about this lawsuit by contacting Brower Piven at
www.browerpiven.com, by email at piven@browerpiven.com, by calling
410/415-6701, or at Brower Piven, A Professional Corporation, 1925
Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower
Piven have combined experience litigating securities and class
action cases of over 50 years. If you choose to retain counsel, you
may retain Brower Piven without financial obligation or cost to
you, or you may retain other counsel of your choice. You need take
no action at this time to be a member of the class.
CONTACT: Charles J. Piven Brower Piven, A Professional
Corporation Stevenson, Maryland 410/415-6701 Email Contact
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