MakeMusic Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Affiliate o
Mar 14th 2013 10:50AM
Updated Mar 14th 2013 10:56AM
MakeMusic Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Affiliate of LaunchEquity Partners
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of MakeMusic, Inc. ("MakeMusic") (NAS: MMUS) to LaunchEquity Acquisition Partners, LLC Designated Series Education Partners ("LEAP"), an affiliate of LaunchEquity Partners, LLC for shareholders. Under the terms of the proposed transaction MakeMusic shareholders will receive $4.85 in cash for each share of stock owned. Notably, LEAP currently owns 27% of MakeMusic's outstanding common stock.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via email at email@example.com. There is no cost or fee to you.
The MakeMusic sale investigation centers on whether MakeMusic's shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues MakeMusic's stock, and whether MakeMusic's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Patrick Powers stated that, "due to the proposed sale price and other factors, we believe this transaction may undervalue MakeMusic's stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights 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.
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