Friday, May 29, 2015

Faruqi & Faruqi Investigation: Rally Software Development Corporation

Faruqi & Faruqi, LLP Announces the Investigation of Rally Software Development Corporation (RALY) Over the Proposed Sale of the Company to CA Technologies

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rally Software Development Corporation (“Rally” or the “Company”) (NYSE: RALY) for potential breaches of fiduciary duties in connection with the sale of the Company to CA Technologies for approximately $480 million. 
The Company’s stockholders will only receive $19.50 for each share of Rally common stock they own. However, at least one analyst has set a price target of $24.00 for Rally’s stock price. Moreover, Rally has traded significantly higher than the offering price over the past two-year period.
If you own common stock in Rally and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

No comments:

Post a Comment