BALA CYNWYD, Pa., June 16, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Dealertrack
Technologies, Inc. ("Dealertrack" or "the Company") (Nasdaq
-TRAK-News) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Cox Automotive, Inc. ("Cox").
Click here to learn more about the investigation
http://brodsky-smith.com/954-trak-dealertrack-technologies-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Dealertrack shareholders
will receive only $63.25 in cash for
each share of Dealertrack they own. The investigation concerns
whether the Board of Dealertrack breached their fiduciary
duties to shareholders and whether Cox is underpaying for
Dealertrack. The transaction may undervalue Dealertrack, which has
robust revenue growth, strong cash flow from operations, and a
solid financial position with reasonable debt levels. For example,
when compared to the same quarter last year, Dealertrack revenue
has increased by 59.1% and net operating cash flow increased by
74.96%.
If you own common units of Dealertrack 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, by visiting
http://brodsky-smith.com/954-trak-dealertrack-technologies-inc.html,
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.
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SOURCE Brodsky & Smith, LLC