The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of ATS Co...
23 Février 2012 - 2:03AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
ATS Corporation (“ATS” or the “Company”) (NYSE: ATSC) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Salient Federal
Solutions, Inc. Under the terms of the agreement, ATS shareholders
will receive $3.20 for each share of ATS stock they own. The
transaction has a total approximate value of $77 million.
Click here to learn how to join the action:
http://www.zlk.com/ats-corporation-atsc, or call: 877-363-5972.
There is no cost or obligation to you.
The investigation concerns whether the ATS Board of Directors
breached their fiduciary duties to ATS stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Salient Federal Solutions, Inc. is underpaying for ATS
shares, thus unlawfully harming ATS stockholders. In particular,
ATS stock traded as high as $3.42 per share as recently as December
5, 2011.
If you own common stock in ATS 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, http://www.zlk.com.
Levi & Korsinsky 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. 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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