The Law Office of Joseph Klein Announces Investigation of Possible Breach of Fiduciary Duty by the Board of ICx Technologies,...
16 Août 2010 - 11:28PM
Business Wire
The Law Office of Joseph Klein is investigating the board of
directors of ICx Technologies, Inc. (Nasdaq: ICXT) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to FLIR Systems
Inc. (Nasdaq: FLIR) for $7.55 in cash per share for a total
transaction value of approximately $274 million. Concerned
shareholders should contact Joseph Klein directly at
jk@jkleinlawfirm.com, or toll-free at: (877) STOK-180
(877-786-5180).
ICXT stock traded in excess of $8.00 per share as recently as
July 28, 2010 and the mean target price for ICXT stock set by
analysts is $9.00 per share with at least one analyst setting a
price target of $10.00 per share. The investigation concerns
whether the ICXT board breached their fiduciary duties to ICXT
stockholders by failing to adequately shop the Company before
entering into this transaction and whether FLIR is underpaying for
ICXT shares.
If you own common stock in ICXT and wish to obtain additional
information about this investigation and what is being done to
advance the interests of the shareholders, please contact Joseph
Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by
telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/icxt.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
CONTACT:Joseph Klein, Esq.1560
East 27th StreetBrooklyn, NY 11229Telephone: (718) 947-0005Fax:
(718) 799-1443Toll Free: (877) STOK-180 (877-786-5180)E-Mail:
jk@jkleinlawfirm.comThe Web: www.jkleinlawfirm.com
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