Bull & Lifshitz, LLP Announces Investigation of the Acquisition of PLATO Learning, Inc. by an Affiliate of Thoma Bravo, LLC

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of PLATO Learning, Inc. (NASDAQ: TUTR) (referred to as "PLATO" or the “Company”) to an affiliate of Thoma Bravo, LLC (referred to as “Thoma Bravo”) in a transaction valued at approximately $143 million. The PLATO board of directors unanimously approved the agreement and will recommend that the Company's shareholders approve the transaction.

Under the terms of the agreement, PLATO shareholders will receive $5.60 in cash for each share of PLATO common stock they hold.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of PLATO stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of PLATO and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to PLATO.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Plato Learning (MM) (NASDAQ:TUTR)
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