Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Zareba Systems Inc.

Levi & Korsinsky is investigating the Board of Directors of Zareba Systems Inc. (“Zareba” or the “Company”) (NasdaqCM: ZRBA) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Woodstream Corporation. Woodstream Corporation is majority owned by private equity firms Brockway Moran & Partners, Inc. and Code Hennessy & Simmons LLC. Under the terms of the transaction, Zareba shareholders will receive $9.00 in cash for each share they own.

The investigation concerns whether the Zareba Board of Directors breached their fiduciary duties to Zareba stockholders by failing to adequately shop the Company before entering into this transaction and whether Woodstream Corporation is underpaying for Zareba shares, thus unlawfully harming Zareba stockholders. Furthermore, the Board agreed to a no-solicitation provision and a termination fee of $800,000 and expenses up to $200,000 that will all but ensure that no superior offer will ever be forthcoming.

If you own common stock in Zareba and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/zrba1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Zareba Systems (MM) (NASDAQ:ZRBA)
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