Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Chordiant Software, Inc. - CHRD

Levi & Korsinsky is investigating the Board of Directors of Chordiant Software, Inc. ("Chordiant” or the "Company”) (NasdaqGM: CHRD) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Pegasystems Inc. ("Pegasystems") (NasdaqGS: PEGA) . Under the terms of the proposed transaction, Chordiant shareholders will receive $5.00 in cash for each share of Chordiant they own.

The investigation concerns whether the Chordiant Board of Directors breached their fiduciary duties to Chordiant stockholders by failing to adequately shop the Company before entering into this transaction and whether Pegasystems is underpaying for Chordiant shares, thus unlawfully harming Chordiant stockholders.

If you own common stock in Chordiant and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/chrd1.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.