SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of
Claims of Breaches of Fiduciary Duty by the Board of Kayak Software
Corporation in Connection with the Sale of the Company to
priceline.com Incorporated
NEW YORK, Jan. 4, 2013 /PRNewswire/ -- Levi & Korsinsky
notifies investors of Kayak Software Corporation ("Kayak" or the
"Company") (NasdaqGS: KYAK) 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
priceline.com Incorporated (NasdaqGS: PCLN). A complaint was filed
in Connecticut state court.
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Click here to learn more about the investigation:
http://zlk.9nl.com/kayak-software-kyak, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Kayak shareholders will
receive $40 in cash and stock for
each share of Kayak stock they own. The transaction has a total
approximate value of $1.8 billion.
The claims concern whether the Kayak Board of Directors breached
their fiduciary duties to stockholders by failing to adequately
shop the Company before entering into this transaction and whether
priceline.com Incorporated is underpaying for Kayak shares, thus
unlawfully harming Kayak stockholders.
If you own common stock in Kayak 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 visit
http://zlk.9nl.com/kayak-software-kyak.
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.
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
SOURCE Levi & Korsinsky, LLP