NEW YORK, Nov. 10, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Pinnacle Data
Systems, Inc. ("PDSi" or the "Company") (AMEX: PNS) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Avnet, Inc. (NYSE: AVT).
Under the terms of the transaction, PDSi shareholders will
receive $2.40 per share of PDSi stock
they own which equates to an equity value of approximately
$22 million as of September 30, 2011.
Click here to learn how to join the action:
http://www.zlk.com/pinnacle-data-systems-pdsi, or call:
877-363-5972.
The investigation concerns whether the PDSi Board of Directors
breached their fiduciary duties to PDSi stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Avnet, Inc. is underpaying for PDSi shares, thus
unlawfully harming PDSi stockholders.
If you own common stock in PDSi 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://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. 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 - 15th 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