SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of sTe...
June 24 2013 - 10:55AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
sTec, Inc. (“sTec” or the “Company”) (NasdaqGS: STEC) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to a subsidiary of Western
Digital Corp. (NasdaqGS: WDC).
Click here to learn more about the investigation
http://zlk.9nl.com/stec-stec/, or call: 877-363-5972. There
is no cost or obligation to you.
Under the terms of the transaction sTec shareholders will
receive $6.85 for each share of sTec stock the own. The transaction
has a total approximate value of $340 million. The investigation
concerns whether the sTec Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into the transaction, and whether
Western Digital Corp. is underpaying for sTec stock, thus
unlawfully harming sTec shareholders.
If you own common stock in sTec 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/stec-stec/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey 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.
Simpletech (NASDAQ:STEC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Simpletech (NASDAQ:STEC)
Historical Stock Chart
From Jul 2023 to Jul 2024