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Blackboard Inc. Investors File Lawsuit To Block Takeover

  • If you are a current investor in Blackboard Inc. (NASDAQ: BBBB) and purchased your, NASDAQ: BBBB shares prior to the announcement, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in Blackboard Inc. (NASDAQ:BBBB) filed a lawsuit in State Court against directors of Blackboard in effort to stop the buyout. According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties owed Blackboard (NASDAQ:BBBB) investors arising out of their attempt to sell Blackboard too cheaply via an unfair process to Providence Equity Part...



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