The Law Firm of Levi & Korsinsky, LLP Investigates MediaMind Technologies Inc.
17 June 2011 - 4:43AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
MediaMind Technologies Inc. (NASDAQ: MDMD) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to DG FastChannel, Inc. Under the terms of
the transaction, MediaMind shareholders will receive $22 in cash
for each share of MediaMind common stock. The transaction has an
enterprise value of $414 million.
Click here to learn how to join the action:
http://www.zlk.com/mediamind-technologies-MDMD, or call:
877-363-5972.
The investigation concerns whether MediaMind Board of Directors
breached their fiduciary duties to MediaMind stockholders by
failing to adequately shop the Company before entering into this
transaction and whether FastChannel is underpaying for MediaMind
shares, thus unlawfully harming MediaMind stockholders. In
particular, at least one analyst set a target price for MediaMind
stock of $23 per share.
If you own common stock in MediaMind 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://www.zlk.com/mediamind-technologies-MDMD.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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