LEVI & KORSINSKY, LLP Notifies Investors of INNOTRAC CORPORATION of Claims of Breaches of Fiduciary Duty by Board of the Comp...
19 Novembro 2013 - 4:13PM
Business Wire
Levi & Korsinsky notifies investors of Innotrac Corporation
(“Innotrac” or the “Company”) (NasdaqCM:INOC) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to an affiliate of Sterling
Partners.
Click here to learn more about the case
http://zlk.9nl.com/innotrac-inoc/, or call: 877-363-5972.
There is no cost or obligation to you.
Sterling Partners and Innotrac announced on November 14, 2013
that the companies have entered into a definitive merger agreement
under which Sterling Partners will acquire all of the outstanding
common stock of Innotrac for approximately $108 million. Under the
terms of the transaction, Innotrac shareholders will receive $8.20
in cash for each share of Innotrac stock they own. The
investigation concerns whether the Innotrac Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Sterling Partners is underpaying for
Innotrac shares.
If you own Innotrac common stock 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://zlk.9nl.com/innotrac-inoc/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Stamford, Connecticut and Washington D.C. The
firm's 26 attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do
not guarantee similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
212-363-7171www.zlk.com
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