Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Fisher Communications, Inc. (FSCI)
14 May 2013 - 9:05AM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Fisher Communications, Inc.
(“Fisher” or the “Company”) (NASDAQ: FSCI) for potential breaches
of fiduciary duties in connection with their conduct related to the
sale of the Company to Sinclair Broadcast Group, Inc. (NASDAQ:
SBGI) in an all-cash deal valued at approximately $373.3 million.
Under the terms of the proposed transaction, Fisher’s stockholders
will receive $41 in cash for each share of Fisher common stock they
own.
Request more information now by clicking here:
www.faruqilaw.com/FSCI. There is no cost or
obligation to you.
The investigation focuses on whether Fisher’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of
Fisher’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Fisher and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/FSCI or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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