The Law Firm of Levi & Korsinsky, LLP Announces Investigation
into Possible Breaches of Fiduciary Duty by the Board of Eloqua,
Inc. in Connection with the Sale of the Company to Oracle
Corporation
NEW YORK, Dec. 24, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Eloqua, Inc.
("Eloqua" or the "Company") (NasdaqGM: ELOQ) for possible breaches
of fiduciary duty and other violations of state law in connection
with the sale of the Company to Oracle Corporation (NasdaqGS:
ORCL).
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Click here to learn how to join the action:
http://zlk.9nl.com/eloqua-eloq/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Eloqua shareholders will
receive $23.50 for each share of
Eloqua stock they own. The investigation concerns whether the
Eloqua Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Oracle Corporation is
underpaying for Eloqua shares, thus unlawfully harming Eloqua
stockholders. In particular, at least one analyst set a price
target of $27.00 per Eloqua
share.
If you own common stock in Eloqua 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://zlk.9nl.com/eloqua-eloq/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, 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.
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: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP
