The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Mediac...
16 Novembro 2010 - 2:55PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Mediacom Communications Corp (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.
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. Commisso owns approximately 40% of the Company’s common
stock representing about 87% of
the voting power.
If you own common stock in Mediacom and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/mediacom-communications-mccc.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
Mediacom Communications Corp. (MM) (NASDAQ:MCCC)
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