The Law Offices of Howard G. Smith is investigating whether the Board of Directors of RCN Corporation (NASDAQ: RCNI) breached its fiduciary duty to its shareholders in agreeing to sell the Company to ABRY Partners, LLC in a cash deal whereby RNC shareholders will receive $15.00 for each share of RNC that they own.
The Law Offices of Howard G. Smith believes that the deal is suspicious because it appears from a review of the Company's financial statements that the inherent value of the Company's stock is greater than $15.00 per share and also because the written agreement between RNC and ABRY contains a provision that dissuades anyone from offering to purchase the Company for a better price than $15 per share.
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If you own shares of RCN Corporation (NASDAQ: RCNI) and wish to protect your investment you may join the lawsuit by submitting your information online or call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you.
Case Summary
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I, the Plaintiff, certify that:
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retain the Law Offices of Howard G. Smith in an action against the Company based on the Case Summary. I also acknowledge that I have read and agree to the Representation Agreement.
