BALA CYNWD, PA / ACCESSWIRE / February 12, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Qumu Corporation ("Qumu" or the "Company")(NASDAQ:QUMU) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Synacor, Inc. ("Synacor") (SYNC). Under the terms of the agreement, Qumu shareholders will receive only 1.61 shares of Synacor common stock for each share of Qumu common stock they hold.
The investigation concerns whether the Qumu Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Synacor is underpaying for the Company. For example, the implied deal price is significantly below Qumu's 52-week high of $4.78 and below Qumu's trading range for most of 2020.
If you own shares of Qumu stock and wish to discuss the legal ramifications of the investigation, 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/qumu-corporation-nasdaqcm-qumu/, or calling toll free 877-534-2590.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Marc Ackerman
610-667-6200
[email protected]
SOURCE: Brodsky & Smith, LLC