Finkelstein Thompson LLP Announces Investigation of PLATO Learning, Inc.

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of PLATO Learning, Inc. (“PLATO” or the “Company”) (NASDAQ:TUTR) arising from the proposed sale of the Company to Thoma Bravo, LLC (“Thoma Bravo”), in a transaction valued at approximately $143 million. Under the terms of the agreement, PLATO shareholders will receive $5.60 in cash for each share owned.

The investigation is focused on the potential unfairness of the price to PLATO shareholders and the process by which the Company’s Board of Directors considered and approved the transaction, particularly since the Company has stated in its Preliminary Proxy that it “limit[ed] the overall numbers of participants” in its sales process. Moreover, the Preliminary Proxy appears to indicate that the Board rejected a competing offer from an unidentified party that would have provided consideration greater than what is provided in the proposed sale to Thoma Bravo.

If you are interested in discussing your rights as a PLATO shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC office at (877) 337-1050 or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Plato Learning (MM) (NASDAQ:TUTR)
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