INVESTOR ALERT Levi & Korsinsky, LLP Notifies Investors of Cbeyond, Inc. of Class Action against Its Board of Directors in Co...
May 14 2014 - 3:23PM
Business Wire
Levi & Korsinsky notifies investors of Cbeyond, Inc.
(“Cbeyond” or “the Company”) (NasdaqGS:CBEY) 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 Birch Communications, Inc. A complaint was filed in
Delaware state court.
Click here to learn more about the action
http://zlk.9nl.com/cbeyond-cbey, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Cbeyond shareholders will
receive between $9.97 and $10.00 per share in cash for each share
of Cbeyond stock they own; the exact amount will be determined
after certain stock transactions occur. The claims concern whether
the Cbeyond Board of directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Birch
Communications, Inc. is underpaying for Cbeyond shares.
If you own Cbeyond common stock 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 visit
http://zlk.9nl.com/cbeyond-cbey.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. 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, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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