The Student Loan Corporation Merger Litigation
Law Office of Brodsky & Smith, LLC Announces Investigation of The Student Loan Corporation
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of The Student Loan Corporation (“Student Loan” or the “Company”) (NYSE: STU – News) relating to the proposed acquisition by Discover Financial Services.
Under the terms of the offer, Student Loan shareholders would receive cash of $30.00 for each share of Student Loan stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Student Loan stock was trading at $36.59 a share as recently as April 12, 2010 and was trading at $50.60 a share on January 9, 2010
If you own shares of Student Loan and wish to discuss the legal ramifications of the proposed transaction, 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, or by calling toll free 877-LEGAL-90.
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