The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty Against the Board of Transce...
28 März 2012 - 10:58PM
Marketwired
Levi & Korsinsky notifies investors of Transcend Services, Inc.
("Transcend" or the "Company") (NASDAQ: TRCR) of claims of breaches
of fiduciary duty and other violations of state law against the
board of directors of the Company in connection with the sale of
the Company to Nuance Communications, Inc. (NASDAQ: NUAN). Under
the terms of the transaction, Transcend shareholders will receive
$29.50 per Transcend share. The transaction has a total approximate
value of $300 million. A complaint was filed in Georgia state
court.
Click here to learn how to join the action:
http://www.zlk.com/transcend-services-trcr, or call: 877-363-5972.
There is no cost or obligation to you.
The claims concern whether the Transcend Board of Directors
breached their fiduciary duties to Transcend stockholders by
failing to adequately shop the Company before entering into this
transaction and whether Nuance Communications, Inc. is underpaying
for Transcend shares, thus unlawfully harming Transcend
stockholders. In particular, at least one analyst set a price
target of $34.00 per share of Transcend stock.
If you own common stock in Transcend 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 - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
Transcend Services, Inc. (MM) (NASDAQ:TRCR)
Historical Stock Chart
Von Jul 2024 bis Aug 2024
Transcend Services, Inc. (MM) (NASDAQ:TRCR)
Historical Stock Chart
Von Aug 2023 bis Aug 2024
Echtzeit-Nachrichten über Transcend Services, Inc. (MM) (NASDAQ): 0 Nachrichtenartikel
Weitere Levi & Korsinsky, LLP News-Artikel