Business & Finance
Business and Finance
Business and Finance
Thu, June 9, 2011
Wed, June 8, 2011 Harwood Feffer LLP Announces Investigation of Stream Global Services, Inc.
NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of Stream Global Services, Inc. (NYSE - SGS) (aStream Globala or the aCompanya) concerning possible breaches of fiduciary duty and other violations of law related to the Company's receipt of a proposal from Trillium Capital LLC (aTrilliuma) to acquire the Company in a agoing-privatea transaction.
Under the terms of the proposal, Stream Global shareholders will receive $4.65 for each share they own in the Companya™s stock. Trillium already owns approximately 4.6% of the Companya™s outstanding common stock. The proposed transaction would allow certain inside investors to convert their current ownership in the Company to the new privately-held successor company. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the process for evaluation of the proposed transaction by the Company's board of directors.
If you own shares of Stream Global and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Robert I. Harwood, Esq. at [ rharwood@hfesq.com ] or Daniella Quitt, Esq. at [ dquitt@hfesq.com ] or toll free at (877) 935-7400. For more information about class action cases, please visit our website: [ www.hfesq.com ].
Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
Attorney Advertising. (C) 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
