Levi & Korsinsky, LLP Announces Class Action Lawsuit Against MSC.Software Corporation - MSCS

NEW YORK, NY, Jul 14 (MARKET WIRE) --
Levi & Korsinsky announces that a class action lawsuit has been filed in
the Superior Court of the State of California challenging the proposed
acquisition of MSC.Software Corporation ("MSC.Software" or the "Company")
(NASDAQ: MSCS). The complaint arises out of an announcement by
MSC.Software stating that it had entered into a definitive merger
agreement with Symphony Technology Group and Elliott Management Corp.
Under the terms of the agreement, MSC.Software shareholders will receive
$7.63 in cash for each share of MSC.Software they own for a total
transaction value of approximately $360 million.

The price is unfair given that (i) the Company's shares traded at $7.73 as
recently as June 1, 2009 and over $10.70 per share in the fourth quarter
of 2008; (ii) the Company has $149 million in cash (or $3.27 per share)
with no debt and a book value in excess of $7.00 per share; and (iii)
analysts set a median price target for MSC.Software stock at $8.75 per
share with a high target of $10.00 per share.

The companies expect to consummate the transaction in the third quarter,
subject to customary closing conditions, including all necessary
regulatory and stockholder approvals.

If you own common stock in MSC.Software and wish to obtain additional
information, please contact us at the number listed below or visit
http://www.zlk.com/mscs1.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.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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