The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of A.D.A.M. Inc. (“ADAM” or “Company”) (NASDAQ: ADAM) related to the proposed acquisition of the Company by Ebix Inc.
The agreement involves a transaction valued at approximately $66 million, under which the Company shareholders will receive 0.3122 shares of Ebix stock for each share of ADAM common stock they hold. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of ADAM for approving this transaction, whether the consideration to be received by ADAM shareholders is fair, and whether ADAM’s board of Directors acted in the shareholders’ best interests.
If you currently own shares of ADAM and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.