Shareholder Alert: Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of NightHawk Radiology Holdings, I...
September 27 2010 - 4:26PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of NightHawk Holdings, Inc. (“NightHawk” or the
“Company”) (NasdaqGM: NHWK) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Virtual Radiologic Corp. The proposed transaction offers
NightHawk shareholders to only receive $6.50 in cash for each share
they own. The transaction is valued at approximately $170 million
and is expected to be completed in the first quarter of 2011.
Request more information by clicking here:
www.faruqilaw.com/albertoculver.
Whether the NightHawk’s Board of Directors breached their
fiduciary duties to NightHawk’s stockholders by failing to conduct
an adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues NightHawk’s shares and by how much this
proposed transaction undervalues the Company to the detriment of
NightHawk shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in NightHawk and wish to obtain
additional information, please visit us at
www.faruqilaw.com/nighthawk or contact Juan E. Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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