SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of IRIS Intern
29 September 2012 - 4:03AM
Levi & Korsinsky notifies investors of IRIS International, Inc.
("IRIS" or the "Company") (Nasdaq:IRIS) 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 Danaher Corporation. A complaint was filed in California
state court.
Click here to learn more about the claims:
http://zlk.9nl.com/iris-international-iris, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, IRIS shareholders will
receive $19.50 for each share of IRIS stock they own. The
transaction has a total approximate value of $338 million. The
claims concern whether the IRIS Board of Directors breached their
fiduciary duties to IRIS stockholders by failing to adequately shop
the Company before entering into this transaction and whether
Danaher Corporation is underpaying for IRIS shares, thus unlawfully
harming IRIS stockholders. In particular, at least one analyst set
a price target for IRIS stock at $20.00 per share.
If you own common stock in IRIS 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/iris-international-iris.
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. 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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