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SHAREHOLDER ALERT: Weiss Law Investigates RealNetworks, Inc.Jul 29th, 2022 15:45 EST
NEW YORK, July 29, 2022 /PRNewswire/ — Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of RealNetworks, Inc. (“RealNetworks” or the “Company”) (NASDAQ: RNWK), in connection with the proposed merger of the Company with Greater Heights LLC, an affiliate of the Company’s founder, Chairman and CEO, Robert D. Glaser. Under the terms of the merger agreement, the Company’s shareholders will receive $0.73 in cash for each share of RealNetworks common stock owned. Mr. Glaser, together with his affiliates, currently owns approximately 39% of the outstanding shares of RealNetworks.
If you own RealNetworks shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Weiss Law is investigating whether (i) RealNetworks’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $0.73 per-share merger consideration adequately compensates RealNetworks’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE Weiss Law