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If you purchased a significant amount of shares of this company you have certain options and for certain investors are short and strict deadlines running. Investors should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
<p style= text-align: justify; >On Tuesday, September 16, 2008, a shareholder has filed a proposed class action lawsuit in the Superior Court of the State of California challenging the proposed acquisition of PeopleSupport, Inc.</p> <p style= text-align: justify; >According to the complaint on August 4th, 2008 PeopleSupport, Inc. announced that it had entered into a definitive merger agreement with Essar Services, Mauritius, a company organized under the laws of Mauritius and Easter Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Essar and under the terms of the proposal, PeopleSupport’s shareholders would receive $12.25 per share in cash or $250 million. The plaintiff alleges that PeopleSupport has failed to disclose all material information to its shareholders, including the key financial valuation information relied on by the Board of the Company.</p>