SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Innotrac Corporation
23 November 2013 - 10:35AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Innotrac Corporation (“Innotrac” or the “Company”) (Nasdaq: INOC)
relating to the proposed acquisition of the Company by an affiliate
of Sterling Partners (“Sterling”).
Click here to learn more about the investigation
http://brodsky-smith.com/676-inoc-innotrac-corporation.html, or
call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Innotrac shareholders will
receive only $8.20 in cash for each share of Innotrac stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Innotrac for not acting in the Company’s shareholders' best
interests in connection with the sale process. In addition, the
investigation seeks to determine if conflicts of interest played a
role in the transaction. Following the completion of the
transaction Innotrac’s CEO and other members of management will
continue in their management of the Company and will retain a
significant equity position in Innotrac.
If you own shares of Innotrac common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/676-inoc-innotrac-corporation.html or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/676-inoc-innotrac-corporation.html
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