INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Elecsys Corp. Regarding the Fairnes...
04 Noviembre 2014 - 5:30PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Elecsys Corporation (“Elecsys” or “the Company”) (NasdaqCM:ESYS)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Lindsay
Corporation (NYSE: LNN).
Click here to learn more about the investigation:
http://zlk.9nl.com/elecsys-esys.
Under the terms of the transaction, Elecsys shareholders will
receive $17.50 for each share of Elecsys stock they own. Elecsys
has suspended its previously-announced stock repurchase program.
The investigation concerns whether the Board of Elecsys breached
their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction,
and whether Linday Corporation is underpaying for Elecsys
shares.
If you own Elecsys common stock 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 visit
http://zlk.9nl.com/elecsys-esys.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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