The Law Firm of Levi & Korsinsky LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of EasyLin...
08 Mayo 2012 - 4:23PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
EasyLink Services International Corporation (“EasyLink” or the
“Company”) (NASDAQ: ESIC) for possible breaches of fiduciary duty
and other violations of state law in connection with the sale of
the Company to OpenText Corporation (“OpenText”) (TSX: OTC.TO).
Under the terms of the agreement, OpenText will acquire all
outstanding shares of EasyLink for $7.25 per share for a total
transaction value of approximately $232 million..
Click here to learn how to join the action:
www.zlk.com/easylink-services-international-esic, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the EasyLink Board of
Directors breached their fiduciary duties to EasyLink stockholders
by failing to adequately shop the Company before entering into this
transaction and whether OpenText is underpaying for EasyLink
shares, thus unlawfully harming EasyLink stockholders. In
particular, at least market analyst set a target price for EasyLink
stock at $8.00 per share.
If you own common stock in EasyLink and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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