BALA CYNWYD, Pa., June 20, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Network Engines,
Inc. ("Network Engines" or the "Company") (Nasdaq- NEI) relating to
the proposed acquisition by Unicom Systems, Inc. ("Unicom").
Under the terms of the transaction, Network Engines shareholders
will receive only $1.45 in cash for
each share of Network Engines stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Network Engines for not
acting in the Company's shareholders' best interests in connection
with the sale process to Unicom. The transaction may undervalue
Network Engines as Network Engines stock traded at $2.15 a share on April 27,
2011 and $1.50 a share as
recently as February 24, 2012. In
addition, an analyst has set a price target on Network Engines
stock at $2.00 a
share.
If you own shares of Network Engines 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/440-nei-network-engines-inc.html, or by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC