Levi & Korsinsky, LLP Notifies Investors of Innotrac Corp. of Claims of Breaches of Fiduciary Duty Against the Board of Direc...
13 December 2013 - 10:44AM
Marketwired
Levi & Korsinsky, LLP Notifies Investors of Innotrac
Corporation of Claims of Breaches of Fiduciary Duty Against the
Board of Directors in Connection With Sale of the Company to
Sterling Partners
NEW YORK, NY--(Marketwired - Dec 12, 2013) - Levi &
Korsinsky notifies investors of Innotrac Corporation ("Innotrac" or
the "Company") (NASDAQ: INOC) of claims of breaches of fiduciary
duty and other violations of state law against the board of
directors of the Company in connection with the sale of the Company
to an affiliate of Sterling Partners. A complaint was filed in
Georgia state court.
Click here to learn more about the case
http://zlk.9nl.com/innotrac-inoc/, or call: 877-363-5972. There
is no cost or obligation to you.
Sterling Partners and Innotrac announced on November 14, 2013
that the companies have entered into a definitive merger agreement
under which Sterling Partners will acquire all of the outstanding
common stock of Innotrac for approximately $108 million. Under the
terms of the transaction, Innotrac shareholders will receive $8.20
in cash for each share of Innotrac stock they own. The claims
concern whether the Innotrac Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Sterling Partners is underpaying for Innotrac shares.
If you own Innotrac common stock 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/innotrac-inoc/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Stamford, Connecticut and Washington D.C. The
firm's 26 attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do
not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004
Tel: (212) 363-7500 Toll
Free: (877) 363-5972 Fax:
(212) 363-7171
www.zlk.com
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