Finkelstein Thompson LLP Announces Investigation of FortuNet, Inc.
10 Dicembre 2009 - 5:42PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of FortuNet, Inc. (“FortuNet” or the
“Company”) (NasdaqGM: FNET) arising from its majority shareholder,
Yuri Itkis Gaming Trust of 1993 (“Trust”), announcing that it
intends to commence a tender offer for all outstanding shares of
the Company’s common stock not already owned by the Trust. The
Trust is offering $1.70 per share.
The investigation is focused on the potential unfairness of the
offer price to FortuNet shareholders and the process by which the
FortuNet Board of Directors is addressing the tender offer. The
Company’s shares traded as high as $3.90 as recently as September
15, 2009 and at least one analyst has set a $6.00 target price for
the Company’s shares.
If you are interested in discussing your rights as a FortuNet
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, D.C. offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers. To learn more about
Finkelstein Thompson LLP, please visit our web site at
www.finkelsteinthompson.com. Attorney advertising. Prior results do
not guarantee similar outcomes.
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