INNOTRAC CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
22 November 2013 - 3:42AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Innotrac
Corporation (NASDAQ CM: INOC)?
- Did you purchase any of your shares
prior to November 14, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Innotrac
Corporation (“Innotrac” or the “Company”) (NASDAQ CM: INOC)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by an affiliate of Sterling Partners (“Sterling”) in
a transaction valued at approximately $108 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/innotrac-corporation-inoc.
Under the terms of the agreement, public shareholders of
Innotrac will receive $8.20 per share in cash for each share of
Innotrac they own.
The investigation concerns whether Innotrac’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Innotrac’s shareholders before entering into an agreement
with Sterling.
If you own the common stock of Innotrac and purchased your
shares before November 14, 2013, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York
11530, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/innotrac-corporation-inoc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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