Rigrodsky & Long, P.A. Announces Investigation of Archipelago Learning, Inc. Takeover

Published on Monday, 02 April 2012 13:07 Written by TradersHuddle Staff

WILMINGTON, Del.-( Business Wire )-

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Archipelago Learning, Inc. (“Archipelago” or the “Company”) (NASDAQ GS: ARCL) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by PLATO Learning, Inc. (“Plato Learning”) in an all-cash deal valued at about $291 million. Click here to learn more and to discuss your shareholder rights: http://www.rigrodskylong.com/investigations/archipelago-learning-inc-arcl

Under the terms of the proposed transaction, Plato Learning will purchase shares of Archipelago at a price of $11.10 in cash. The date for the special shareholder meeting to approve the merger has not yet been set.

The investigation concerns whether Archipelago’s board of directors adequately shopped the Company to obtain the best price possible for the Company’s shareholders before entering into the merger agreement with Plato Learning.

If you own the common stock of Archipelago and purchased your shares before March 5, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Scott J. Farrell, Esquire of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it. , or at: http://www.rigrodskylong.com/investigations/archipelago-learning-inc-arcl.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Rigrodsky & Long, P.A.Scott J. Farrell, Esquire888-969-4242516-683-3516Fax: 302-654-9430info@rigrodskylong.comhttp://www.rigrodskylong.com