Levi & Korsinsky LLP Investigates Board of MSC.Software Corporation - MSCS

New York, NY (PressExposure) July 09, 2009 -- Levi & Korsinsky (“L&K”) is investigating the Board of Directors of MSC.Software Corporation (“MSC.Software” or the “Company”) (NasdaqGS: MSCS) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Symphony Technology Group and Elliott Management Corp. Under the terms of the agreement, MSC.Software shareholders will receive $7.63 in cash for each share of MSC.Software they own for a total transaction value of approximately $360 million.

The investigation concerns whether the MSC.Software Board of Directors breached their fiduciary duties to MSC.Software shareholders given that (i) the Company's shares traded at $7.73 as recently as June 1, 2009 and over $10.70 per share in the fourth quarter of 2008; (ii) the Company has $149 million in cash (or $3.27 per share) with no debt and a book value in excess of $7.00 per share; and (iii) analysts set a median price target for MSC.Software stock at $8.75 per share with a high target of $10.00 per share.

The companies expect to consummate the transaction in the third quarter, subject to customary closing conditions, including all necessary regulatory and stockholder approvals.

If you own common stock in MSC.Software and wish to obtain additional information, please contact us at the number listed below or visit [http://www.zlk.com/mscs1.html].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Contact: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. Juan E. Monteverde, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: 212-363-7500 Fax: 212-363-7171 http://www.zlk.com Press Release Distribution By PressReleasePoint

Press Contact: Joseph Levi Levi & Korsinsky, LLP 30 Broad Street - 15th Floor New York, NY 10004 212-363-7500 info@zlk.com http://www.zlk.com

About Levi & Korsinsky, LLP

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Press Release Source: http://PressExposure.com/PR/Levi_|_Korsinsky,_LLP.html

Press Release Submitted On: July 09, 2009 at 2:11 am
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