Tripp Levy PLLC investigating the acquisition of Trulia, Inc. on behalf of its shareholders
July 28, 2014
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Trulia, Inc. (TRLA) on behalf of its shareholders. It was announced that Zillow, Inc. and Trulia have entered into a definitive merger agreement whereby Trulia will be acquired in a stock for stock transaction. Trulia shareholders will receive 0.444 shares of Class A common stock of Zillow for each share of Trulia, and will own approximately 33% of the combined company.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors and senior management of Trulia for not acting in Trulia shareholders’ best interests in connection with the sale process of Trulia. The investigation seeks to determine if there was an adequate auction process and if Zillow is underpaying for Trulia shares. In addition, the investigation seeks to determine if there were any conflicts of interest on the part of the senior management of Trulia in negotiating the deal on behalf of shareholders.
Tripp Levy PLLC and its affiliates have recovered billions of dollars for shareholders in securities actions across the nation. Attorney advertising. Prior results do not indicate a similar outcome.