Lawsuit for Investors Against Takeover of ReachLocal Inc. (NASDAQ:RLOC) Filed

San Diego, CA -- (SBWIRE) -- 07/27/2016 -- The Shareholders Foundation announced that an investor, who currently holds NASDAQ:RLOC shares, filed a lawsuit against the proposed takeover of ReachLocal Inc. by Gannett Co., Inc at $4.60 per share.
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