BOSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Boston-based law firm Block & Leviton is currently investigating PowerSchool Holdings, Inc. (NYSE: PWSC) for potential breaches of fiduciary duty to stockholders. This inquiry stems from Bain Capital's recent announcement that it has agreed and approved a cash transaction to acquire PowerSchool at a valuation of $5.6 billion.
One of the main concerns of the investigation is that the transaction's terms significantly favor major investors, including existing stakeholders Vista Equity and Onex, who collectively own 63% of the Company’s outstanding shares and will maintain minority interests post-deal. This structure potentially undermines the interests of minority stockholders while conferring unique benefits to the Company’s controlling stockholders. Therefore, Block & Leviton is urging all current holders of PowerSchool common stock to contact the firm to learn more about their legal rights and options.
Investors who believe they may be affected can visit Block & Leviton’s official website at https://www.blockleviton.com/cases/powerschool for further details and to get in touch with the firm.
Block & Leviton is renowned as one of the country's leading securities class action firms, representing defrauded investors and seeking substantial recoveries through active litigation in federal courts across the United States. The firm's reputation has attracted top institutional investors who trust Block & Leviton to safeguard their interests.
Interested parties can contact Block & Leviton via email at shareholders@blockleviton.com, phone at (888) 256-2510, or by visiting their website at www.blockleviton.com to learn more about their services or ask any questions.
Please note that this notice may be considered attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: shareholders@blockleviton.com
