Kendall Law Group Investigates Chordiant Software, Inc. Merger for Shareholders

Kendall Law Group is investigating Chordiant Software, Inc. (NASDAQ:CHRD) for shareholders in connection to the proposed sale of the Company to Pegasystems Inc. If you are a CHRD shareholder and would like additional information about your rights, you are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com. The national securities litigation firm is investigating whether a fair process was used in shopping the Company prior to entering into the agreement, and whether the Board of Directors breached their fiduciary duties by not seeking a deal that would provide better value of the Company.

On March 15, 2010, Chordiant and Pegasystems announced that they had entered into a definitive merger agreement. Shareholders will receive $5.00 per CHRD share owned in the $161.5 million transaction. This represents a 31% premium over the closing price of Chordiant on the last day of trading before the announcement. The 52 week high for CHRD stock was $4.32. The agreement has been approved by the board of directors of both companies and is expected to close in the second calendar quarter of 2010.

Kendall Law Group is founded by a former federal judge, and includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States. Protect your rights as a CHRD shareholder by calling the firm.