The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
15 Novembro 2010 - 4:40PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Mediacom Communications Corp. (“Mediacom” or the “Company”)
(NasdaqGS: MCCC) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to Rocco B. Commisso, the founder, Chairman and Chief
Executive Officer of Mediacom. (“Commisso”). Under the terms of the
transaction, Mediacom shareholders will receive $8.75 per share in
cash for each share they own for a total transaction value of
approximately $600 million. Commisso owns approximately 40% of the
Company’s common stock representing about 87% of
the voting power.
Click here to learn how to join the action:
http://www.zlk.com/mediacom-communications-mccc.html, or call:
877-363-5972.
The investigation concerns whether the Mediacom Board of
Directors breached their fiduciary duties to Mediacom stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Commisso is underpaying for Mediacom
shares, thus unlawfully harming Mediacom stockholders.
If you own common stock in Mediacom 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://www.zlk.com/mediacom-communications-mccc.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. 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 litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 15th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
Mediacom Communications Corp. (MM) (NASDAQ:MCCC)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Mediacom Communications Corp. (MM) (NASDAQ:MCCC)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Mediacom Communications Corp. (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Levi & Korsinsky