The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of LeCroy Corpo...
11 Giugno 2012 - 7:32PM
Marketwired
Levi & Korsinsky notifies investors of LeCroy Corporation
("LeCroy" or the "Company") (NASDAQ: LCRY) of claims of breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to Teledyne Technologies Incorporated (NYSE: TDY). A
complaint was filed in New York state court.
Click here to learn how to join the action:
http://zlk.9nl.com/lecroy-corporation-lcry, or call:
877-363-5972. There is
no cost or obligation to you.
Under the terms of the transaction, LeCroy shareholders will
receive $14.30 for each share of LeCroy stock they own. The
transaction has a total approximate value of $291 million, taking
into account the Company's stock options, appreciation rights, and
net debt. The claims concern whether the LeCroy Board of Directors
breached their fiduciary duties to LeCroy stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Teledyne Technologies Incorporated is
underpaying for LeCroy shares, thus unlawfully harming LeCroy
stockholders. In particular, at least one analyst set a price
target for LeCroy stock at $16.00 per share.
If you own common stock in LeCroy 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 http://zlk.9nl.com/lecroy-corporation-lcry.
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
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