Law Firm Brower Piven Announces Investigation of Innotrac Corporation Proposed Buyout
21 Novembre 2013 - 11:17PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Innotrac Corporation
(“Innotrac” or the “Company”) (NasdaqCM: INOC) and other violations
of state law by the board of directors of Innotrac relating to the
proposed buyout of the Company by Blue Eagle Holdings, L.P., which
is an affiliate of Sterling Partners, a private equity firm. The
firm’s investigation seeks to determine, among other things,
whether the board of directors of Innotrac breached their fiduciary
duties by failing to maximize shareholder value.
According to the press release announcing the proposed buyout,
Innotrac shareholders will receive $8.20 per share in cash for each
share of Innotrac common stock they own.
If you currently own common stock of Innotrac and would like to
learn more about the investigation being conducted by Brower Piven,
you may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com
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