Rigrodsky & Long, P.A. Announces Investigation
of PLATO Learning, Inc.
March 26, 2010 11:12 AM 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 PLATO Learning, Inc. ("PLATO Learning" or the "Company")
(Nasdaq: TUTR) concerning possible breaches of fiduciary duty and other violations of law related to the
Company's entry into an agreement to be acquired by Thoma Bravo, LLC ("Thoma Bravo") in a transaction valued
at approximately $143 million.
Under the proposed agreement, PLATO Learning shareholders will receive $5.60 per share for each share of
PLATO Learning common stock they own. The investigation concerns whether PLATO Learning's board of
directors failed to adequately shop the Company and obtain the best price possible for its shareholders. At least one
analyst has set a price target of $6.00 per share for the Company and as recently as PLATO Learning's February
25, 2010 first quarter 2010 earnings announcement, PLATO Learning has stated it expects strong growth in orders
and revenues from subscription products of 10% to 20% in 2010 over 2009 levels.
If you own the common stock of PLATO Learning and purchased your shares before March 25, 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 Brian
D. Long, 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.
Brian D. Long, Esquire
Noah R. Wortman, Case Development Director