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TMCNet:  SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of Cbeyond, Inc.

[May 13, 2014]

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of Cbeyond, Inc.

WILMINGTON, Del. --(Business Wire)--

Rigrodsky & Long, P.A. announces a complaint alleging breaches of fiduciary duty and other violations of law has been filed in the Delaware Court of Chancery against the board of directors of Cbeyond (News - Alert), Inc. ("Cbeyond" or the "Company") (NASDAQ GS: CBEY) in connection with the Company's entry into an agreement to be acquired by Birch Communications, Inc. ("Birch"), in a transaction valued at approximately $323 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/cbeyond-inc-cbey.


Under the terms of the agreement, public shareholders of Cbeyond will receive between $9.97 and $10.00 per share in cash for each share of Cbeyond they own. The exact amount will be determined based on stock transactions relating to previously granted stock awards to employees that occur after execution of the definitive agreement.

The complaint alleges that Cbeyond's board of directors failed to adequately shop the Company and obtain the best possible value for Cbeyond's shareholders before entering into an agreement with Birch.

If you own the common stock of Cbeyond's and purchased your shares before April 21, 2014, and would like to learn more about these allegations, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/cbeyond-inc-cbey.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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


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