NEW YORK, Oct. 5, 2011 (GLOBE NEWSWIRE) -- The Brualdi Law Firm, P.C. announces that on September 23, 2011 it filed a lawsuit in the Circuit Court of Wood County in Wisconsin on behalf of holders of Renaissance Learning, Inc. ("Renaissance" or the "Company") (Nasdaq:RLRN) stock during the period between August 15, 2011 and the present, inclusive (the "Class Period"), for breaches of fiduciary duties in connection with the sale agreement between Renaissance and Permira Advisers LLC and its affiliates.
To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact David Titus at The Brualdi Law Firm, P.C. 29 Broadway, Suite 2400, New York, New York 10006, by telephone toll free at (877) 495-1187 or (212) 952-0602, by email to dtitus@brualdilawfirm.com or visit our website at http://www.brualdilawfirm.com.
The complaint alleges that the Company and its directors breached their fiduciary duties in connection with the sale agreement entered into between Renaissance and Permira Advisers LLC and its affiliates, and specifically the failure to give adequate consideration to the offer from Plato Learning, Inc.
The Brualdi Law Firm, P.C. is a New York, New York-based law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, with a particular emphasis on sophisticated class action litigation in the securities and antitrust areas, as well as corporate derivative suits. More information about the firm is available through its website, www.brualdilawfirm.com, and upon request from the firm.
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