The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Tii Ne...

Levi & Korsinsky is investigating the Board of Directors of Tii Network Technologies, Inc. (“Tii” or the “Company”) (Nasdaq: TIII) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Kelta, Inc. Under the terms of the agreement, Tii shareholders will receive $2.15 for each share of Tii stock they own. The transaction has a total approximate value of $33.1 million.

Click here to learn how to join the action: http://www.zlk.com/tii-network-technologies-tiii, or call: 877-363-5972. There is no cost or obligation to you.

The investigation concerns whether the Tii Board of Directors breached their fiduciary duties to Tii stockholders by failing to adequately shop the Company before entering into this transaction and whether Kelta, Inc. is underpaying for Tii shares, thus unlawfully harming Tii stockholders. In particular, Tii reported a Book Value of $2.74 per share for the most recent quarter.

If you own common stock in Tii 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 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.

Tii Network (NASDAQ:TIII)
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