NEW YORK, April 17, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating possible breaches of fiduciary duty and other violations of state law by the board of directors of SumTotal Systems Inc. ("SumTotal" or the "Company") (Nasdaq:SUMT) in connection with an offer made by Vista Equity Partners Fund to purchase the Company for $3.25 per share. The offer price was a 62% premium to the Company's April 3, 2009 share closing price of $2.01 but below the $4.60 the Company's stock traded at as recently as October 2008 and below the median share price target of $4.50 set by analysts. If you own common stock in SumTotal and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/sumt.html.
L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.