NEW YORK, June 1, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Electro Rent
Corporation (NASDAQ: ELRC) stock prior to May 31, 2016.
You are hereby notified that Levi & Korsinsky, LLP
has commenced an investigation into the fairness of
the sale of Electro Rent Corporation to Platinum
Equity for $13.12 per share. Due to
the agreement, Electro Rent will not be paying its next quarterly
common stock dividend, scheduled for July
2016. Certain insiders who collectively own approximately
29% of the Company's outstanding shares have already agreed to
tender their shares. To learn more about the action and your
rights, go to:
http://zlk.9nl.com/electro-rent-elrc
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut, California, and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities lawsuits and have recovered hundreds of millions of
dollars for aggrieved shareholders. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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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