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Answers Corporation Investor Files Lawsuit In Effort To Block Takeover

  • If you purchased shares of Answers Corporation (NASDAQ:ANSW) prior to the announcement and continue to hold those ANSW shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in Answer Corp. (ANSW) shares filed a lawsuit in State Court in effort to block the proposed takeover of online answer engine operator Answer Corp by private equity company Summit Partners. According to the complaint the plaintiff alleges that directors at Answers Corporation breached their fiduciary duties by agreeing to sell Answer Corp. too cheaply through an...

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