Block & Leviton LLP Investigates Archipelago Learning, Inc.'s Board of Directors for Possible Breaches of Fiduciary Duty

BOSTON, March 5, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of Archipelago Learning, Inc. ("Archipelago" or the "Company") (NASDAQ: ARCL) with regards to the proposed acquisition of the Company by PLATO Learning, a portfolio company of Thoma Bravo LLC.  The transaction is for $11.10 per share, or a net purchase price of $291 million.

Block & Leviton's investigation seeks to determine, among other things, whether Archipelago's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction.  The offer price of $11.10 per share represents only a 17 percent premium over Archipelago's average daily share price for the last year.  At least one industry analyst had recently set a target price of $12.00 per share for the Company's shares.

If you are an Archipelago shareholder and have questions about your legal rights, please contact Mark Delaney at (617) 398-5650 or email him at [email protected].

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.

SOURCE Block & Leviton LLP

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