Rigrodsky & Long, P.A. Announces Investigation
of Chordiant Software, Inc.
March 15, 2010 05:40 PM Eastern Daylight Time
WILMINGTON, Del.--(EON: Enhanced Online News)--Rigrodsky & Long, P.A. announces that it is investigating
potential claims against the board of directors of Chordiant Software, Inc. (“Chordiant” or the “Company”)
(Nasdaq: CHRD) concerning possible breaches of fiduciary duty and other violations of law related to the
Company’s entry into an agreement to be acquired by Pegasystems Inc. (“Pegasystems”) in a transaction valued at
approximately $161.5 million.
Under the proposed agreement, Pegasystems will make a cash tender offer of $5.00 per share for each share of
Chordiant common stock outstanding. Upon satisfaction of the conditions to the tender offer and after such time as
all shares tendered in the tender offer are accepted for payment, the agreement provides for the parties to effect,
subject to customary conditions, a merger to be completed following the completion of the tender offer which would
result in all shares not tendered in the tender offer being converted into the right to receive $5.00 per share in cash.
If you own the common stock of Chordiant and purchased your shares before March 15, 2010, if you have
information or would like to learn more about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth
D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N.
Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation,
including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and
federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director