Law Office of Brodsky & Smith, LLC Announces Investigation of Fisher Communications, Inc.
20 Abril 2013 - 1:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Fisher Communications, Inc. (“Fisher” or the “Company”) (Nasdaq:
FSCI) relating to the proposed acquisition by Sinclair Broadcast
Group, Inc. (“Sinclair”).
Under the terms of the transaction, Fisher shareholders will
receive only $41.00 in cash for each share of Fisher stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Fisher for not acting in the Company’s shareholders' best interests
in connection with the sale process. The focus of the investigation
is whether the Fisher Board of Directors breached their fiduciary
duties by failing to conduct an adequate and fair sales process
prior to agreeing to this proposed transaction.
If you own shares of Fisher stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/565-fsci-fisher-communications-inc.html,
by calling toll free 877-LEGAL-90.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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