An investigation on behalf of current investors in Stanley, Inc. (NYSE:SXE) concerning shareholder claims over possible breaches of fiduciary duty by the board of directors of Stanley, Inc. was announced.

The investigation by a law firm focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Stanley arising out of their attempt to sell Stanley, Inc. (NYSE:SXE) to CGI Group Inc. Stanley, Inc. provides information technology, located in Arlington, VA, services and solutions to United States defense and federal civilian government agencies. Stanley, Inc. reported in 2007 Total Revenue of $409.41million, in 2008 $604.34million, and in 2009 $779.68million.

On Friday, May 07, 2010, Stanley Inc. (NYSE: SXE) and CGI Group Inc. (NYSE: GIB; TSX: GIB.A) announced that they have entered into a merger agreement for CGI Group Inc to acquire Stanley Inc. through a cash tender offer at $37.50 per Stanley Inc. (NYSE: SXE) share or approximately $1.07 billion. According to Stanley its board of directors unanimously approved the merger and the offer represents a premium of 23.3% over Stanleys 30-day volume weighted average stock price and 38.3% over its 60-day average.

Shares of Stanley, Inc. (SXE) traded after the announcement at $37.05 per share, and at $32.25 per share just days before the announcement. But at least one analyst set a price target for Stanley Inc. (SXE) stock at $40 per share and the median price target set by analysts is $38 per share

The investigation by a law firm concerns whether the Stanley, Inc. Board of Directors breached their fiduciary duties to Stanley (NYSE:SXE) stockholders by failing to adequately shop the Company prior to entering into the agreement, whether the Board of Directors breached their fiduciary duties by not seeking a deal that would provide better value Stanley, Inc. (NYSE:SXE), and whether CGI Group Inc. is underpaying for Stanley (SXE), thus unlawfully harming SXE stockholders.