NYSE
RALY

Rally Software Development Corp.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Rally Software Development Corp. (NYSE: RALY) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Rally Software Development Corp. (“Rally Software” or the “Company”) (NYSE: RALY) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by CA, Inc. (“CA”) (NASDAQ GS: CA), in a transaction valued at approximately $480 million.

Under the terms of the agreement, shareholders of Rally Software will receive $19.50 in cash for each share of Rally Software they own.

The investigation concerns whether Rally Software’s board of directors failed to adequately shop the Company and obtain the best possible value for Rally Software’s shareholders before entering into an agreement with CA.  According to Yahoo! Finance, at least one analyst has issued a price target for Rally Software stock at $24.00 per share.

If you own the common stock of Rally Software and purchased your shares before May 27, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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