BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it has filed in The United States District Court for the Southern District of Texas a shareholder class action alleging breaches of fiduciary duty against the Board of Directors of Multimedia Games Holding, Inc. (“Multimedia” or the “Company”) (Nasdaq: MGAM) relating to the proposed acquisition by Global Cash Access Holdings, Inc. (“Global Cash”).
Click here to learn more about the litigation http://brodsky-smith.com/815-mgam-multimedia-games-holding-company-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Multimedia shareholders will receive only $36.50 in cash for each share of Multimedia stock they own. The litigation concerns possible breaches of fiduciary duty and other violations by the Board of Directors of Multimedia for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue Multimedia and represents a loss for many long term Multimedia shareholders. For example, Multimedia stock traded at $39.24 per share on August 30, 2013 and an analyst has set a $37.00 per share price target for Multimedia stock.
If you own shares of Multimedia common stock and wish to discuss the legal ramifications of the litigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/815-mgam-multimedia-games-holding-company-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.