The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of ZOLL Medical...
20 Mars 2012 - 4:38PM
Marketwired
Levi & Korsinsky notifies investors of ZOLL Medical Corporation
("ZOLL" or the "Company") (NASDAQ: ZOLL) 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 Asahi Kasei Corporation (TYO: 3407). Under the terms of
the agreement, ZOLL shareholders will receive $93 for each share of
ZOLL stock they own. The transaction has a total approximate value
of $2.2 billion. A complaint was filed in Massachusetts state
court.
Click here to learn how to join the action:
http://www.zlk.com/zoll-medical-zoll, or call: 877-363-5972. There
is no cost or obligation to you.
The claims concern whether the ZOLL Board of Directors breached
their fiduciary duties to ZOLL stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Asahi Kasei Corporation is underpaying for ZOLL shares,
thus unlawfully harming ZOLL stockholders. In particular, at least
one analyst set a price target of $100 per ZOLL share.
If you own common stock in ZOLL 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 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
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