Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Omni Energy Services Corp. - OMNI
04 Junho 2010 - 3:46PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Omni Energy Services Corp. (“Omni” or the “Company”) (NasdaqGS:
OMNI) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to Wellspring Capital Management LLC ("Wellspring"). Under the
terms of the transaction, Omni shareholders will receive $2.75 in
cash for each Omni share of common stock they own for a total
transaction value of approximately $122 million.
The investigation concerns whether the Omni Board of Directors
breached their fiduciary duties to Omni stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Wellspring is underpaying for Omni shares, thus
unlawfully harming Omni stockholders. In particular, Omni stock
traded as high as $3.95 per share as April 29, 2010.
If you own common stock in Omni 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 or visit
http://www.zlk.com/omni-energy-services-omni.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.
Omni Energy Svcs Corp (MM) (NASDAQ:OMNI)
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