SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of XACTLY CORPORATION -XTLY

 

BALA CYNWYD, June 5, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Xactly Corporation (“Xactly” or “the Company”) (NYSE- XTLY-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Vista Equity Partners (“Vista”).

Under the terms of the transaction, Xactly shareholders will receive only $15.65 in cash for each share of Xactly stock they own. The investigation concerns whether the Board of  Xactly breached their fiduciary duties to shareholders and whether Vista is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain for many Xactly shareholders. For example, shares of Xactly stock have traded at $15.73 per share on October 4, 2016 and the price being paid by Vista is below an analyst price target of $20.00 per share.

If you own shares of Xactly stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.