SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the ...
15 August 2012 - 2:49AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Comverse Technology, Inc. (“Comverse” or the “Company”) (Nasdaq:
CMVT) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to its
majority owned subsidiary, Verint Systems Inc. (NYSE: NOV).
Click here to learn more about the investigation:
http://zlk.9nl.com/comverse-technology-cmvt, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the proposal, a newly formed wholly-owned
subsidiary of Verint will acquire Comverse, and Verint will issue
new Verint common shares to Comverse shareholders, in an amount
equal to approximately 27.5 million Verint common shares plus up to
an additional $25 million in Verint common shares. The
investigation concerns whether Comverse’s board of directors failed
to adequately shop the Company in order to obtain the best possible
value for Comverse’s shareholders.
If you own common stock in Comverse 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/comverse-technology-cmvt.
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.
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