Actuate Corporation

Company Name
Actuate Corporation
Stock Symbol
BIRT
Status
Investigation

The Firm is investigating potential claims on behalf of shareholders of Actuate Corporation (NASDAQ:BIRT) concerning possible breaches of fiduciary duties by the Company or its fiduciaries.

INVESTOR ALERT: Investigation on Behalf of Actuate Corporation Shareholders Announced by Glancy Binkow & Goldberg LLP
    
Los Angeles, CA – – Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of shareholders of Actuate Corporation (“Actuate” or the “Company”) (NASDAQ:BIRT) concerning possible breaches of fiduciary duties by the Company or its fiduciaries. Actuate provides software solutions and services to corporate and government customers worldwide. Notably on December 5, 2014, the Company announced that Actuate had entered into a definitive merger agreement with OpenText Corporation in a proposed transaction valued at approximately $330 million. Under the terms of the agreement, an OpenText Corporation affiliate will commence a tender offer to Actuate’s shareholders to purchase any and all shares of Actuate common stock they hold for $6.60 per share in cash. The investigation concerns whether the board of directors of Actuate breached their fiduciary duties to stockholders in allegedly mis-managing the Company over the last 12 months, and causing the stock price to decline significantly. Actuate shares traded as high as $8.01 per share on January 22, 2014, but have subsequently declined approximately 56% before announcement of the planned merger.

Please contact Lesley Portnoy at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com to discuss this matter. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
    
If you purchased Actuate shares before December 5, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by toll-free telephone at (888) 773-9224 or by telephone at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you would like to view a copy of a retention agreement or discuss matters further, please contact us by email at shareholders@glancylaw.com or by phone at (310) 201-9150.