NEW YORK, Aug. 20, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Comverse
Technology, Inc. ("Comverse" or the "Company") (Nasdaq:
CMVT) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the
Company to its majority owned subsidiary, Verint Systems Inc.
(Nasdaq: VRNT).
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Click here to learn more about the investigation:
http://zlk.9nl.com/comverse-technology-cmvt, or call:
877-363-5972. There is no cost or obligation to
you.
Under the terms of the proposal, a newly formed wholly-owned
subsidiary of Verint will acquire Comverse, and Verint will issue
new Verint common shares to Comverse shareholders, in an amount
equal to approximately 27.5 million Verint common shares plus up to
an additional $25 million in Verint
common shares. The investigation concerns whether Comverse's board
of directors failed to adequately shop the Company in order to
obtain the best possible value for Comverse's shareholders.
If you own common stock in Comverse 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/comverse-technology-cmvt.
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.
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 securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. 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
SOURCE Levi & Korsinsky, LLP