PHILADELPHIA, Nov. 12, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is conducting an investigation into Benefitfocus, Inc. (NASDAQ: BNFT) on behalf of the company’s investors.

On November 1, 2022, Benefitfocus announced that it has agreed to be acquired by Voya Financial, Inc. (“Voya”). According to the announcement, Benefitfocus shareholders are expected to be paid out of their investment position in cash at a price of $10.50 per share, a price about 20% below BNFT’s 52-week high.

The investigation is designed to determine whether Benefitfocus officers and/or directors failed to maximize the acquisition price for Benefitfocus shareholders or otherwise breached their fiduciary duties in agreeing to the sale of the company to Voya.

Benefitfocus stockholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229-0750 or email ([email protected]) or online at https://kaskelalaw.com/cases/benefitfocus-inc/for more information about this investigation and your legal rights and choices.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com. This notice may constitute attorney solicitation in certain jurisdictions.

CONTACT:

D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229-0750
(888) 715-1740
www.kaskelalaw.com