NEW YORK, Nov. 17, 2006 (PRIMEZONE) -- Wechsler Harwood LLP today issued the following:
Wechsler Harwood LLP is investigating commencement of a lawsuit on behalf of shareholders of Reader's Digest Association, Inc. ("Reader's Digest") (NYSE:RDA) in connection with the proposal to take it private. The investigation concerns whether, in approving the proposed transaction, Reader's Digest's Board of Directors breached its fiduciary duties to the company's shareholders.
If you are a Reader's Digest shareholder and wish to discuss this transaction, please contact: Robert I. Harwood, at Wechsler Harwood LLP, 488 Madison Avenue, New York, New York 10022 at (toll free) 877 935-7400 or by e-mail at rharwood@whesq.com. Wechsler Harwood LLP has extensive experience in litigating investor class actions involving financial fraud, having prosecuted securities, antitrust and consumer class actions for over 15 years. For more information about Wechsler Harwood LLP, please visit its website at www.whesq.com.