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LoopNet, Inc. Investors File Lawsuit To Stop Takeover By CoStar Group, Inc

  • If you purchased shares of LoopNet, Inc. (NASDAQ:LOOP) and currently continue to hold those NASDAQ:LOOP shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

Investors in LoopNet, Inc. (Nasdaq:LOOP) filed lawsuits in State Court in effort to block to takeover of LoopNet by CoStar Group, Inc. According to the complaints the plaintiff allege that certain directors of LoopNet, Inc. breached their fiduciary duties in connection the proposed takeover. On Wednesday, April 27, 2011, CoStar Group, Inc. (Nasdaq:CSGP) had announced the signing of ...



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