Washington, D.C., May 6, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims in connection with the proposed acquisition of I-many, Inc. ("I-many" or the "Company") (Nasdaq:IMNY) by LLR Partners. Under the terms of the proposed acquisition, I-many shareholders will receive $0.43 for every share they own, valuing the transaction at $36 million.
The investigation concerns possible breaches of fiduciary duty in connection with the proposed merger, particularly with regard to the adequacy of the consideration to be received by I-many shareholders. As recently as September 2008, the Company's stock was trading at over $0.80 a share.
If you are interested in discussing your rights as an I-many shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.