NEW YORK, Sept. 26, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of American
Medical Alert Corp. ("AMAC" or the "Company") (Nasdaq: AMAC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Tunstall
Healthcare Group Limited. Under the terms of the transaction,
AMAC shareholders will receive $8.55
per share of AMAC stock they own. AMAC shareholders will also
receive one Contingent Payment Right per share in the event of a
sale of AMAC's interests in the Lifecomm joint venture or prior
sale of Tunstall under certain conditions.
Click here to learn how to join the action:
http://www.zlk.com/american-medical-alert-amac, or call:
877-363-5972.
The investigation concerns whether the AMAC Board of Directors
breached their fiduciary duties to AMAC stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Tunstall Healthcare Group Limited is underpaying for
AMAC shares, thus unlawfully harming AMAC stockholders.
If you own common stock in AMAC 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
http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation 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.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
