Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Envivio, Inc. (“Envivio” or the “Company”) (NasdaqGS:ENVI) for potential breaches of fiduciary duties in connection with the sale of the Company to Ericsson for approximately $125 million in a cash transaction.
The Company’s stockholders will only receive $4.10 for each share of Company common stock they own. However, the offer provides an inadequate premium over the Company’s 52-week high price of $4.09 per share.