SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Dealertrack Technologies, Inc.
June 26 2015 - 8:15PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Dealertrack Technologies, Inc. ("Dealertrack” or "the Company")
(Nasdaq: TRAK) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Cox Automotive, Inc. (“Cox”).
Click here to learn more about the investigation
http://brodsky-smith.com/954-trak-dealertrack-technologies-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Dealertrack shareholders
will receive only $63.25 in cash for each share of Dealertrack they
own. The investigation concerns whether the Board of Dealertrack
breached their fiduciary duties to shareholders and whether Cox is
underpaying for Dealertrack. The transaction may undervalue
Dealertrack, which has robust revenue growth, strong cash flow from
operations, and a solid financial position with reasonable debt
levels. For example, when compared to the same quarter last year,
Dealertrack revenue has increased by 59.1% and net operating cash
flow increased by 74.96%.
If you own common units of Dealertrack and wish to discuss the
legal ramifications of the investigation, 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
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/954-trak-dealertrack-technologies-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150626005719/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/954-trak-dealertrack-technologies-inc.html
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