The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Tii Ne...
14 Mai 2012 - 6:58PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Tii Network Technologies, Inc. (“Tii” or the “Company”) (Nasdaq:
TIII) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Kelta,
Inc. Under the terms of the agreement, Tii shareholders will
receive $2.15 for each share of Tii stock they own. The transaction
has a total approximate value of $33.1 million.
Click here to learn how to join the action:
http://www.zlk.com/tii-network-technologies-tiii, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the Tii Board of Directors
breached their fiduciary duties to Tii stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Kelta, Inc. is underpaying for Tii shares, thus
unlawfully harming Tii stockholders. In particular, Tii reported a
Book Value of $2.74 per share for the most recent quarter.
If you own common stock in Tii 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
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. 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 securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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