The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Pre-...
January 31 2011 - 12:10PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Pre-Paid Legal Services, Inc. (“Pre-Paid” or the “Company”) (NYSE:
PPD) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to MidOcean
Partners (“MidOcean”). Under the terms of the transaction, MidOcean
will acquire all outstanding PrePaid shares for $66.50 cash per
share, representing an approximate transaction value of $650
million.
Click here to learn more about this investigation:
http://www.zlk.com/prepaid-legal-ppd.html, or call:
877-363-5972.
The investigation concerns whether the Pre-Paid Board of
Directors breached their fiduciary duties to Pre-Paid stockholders
by failing to adequately shop the Company before entering into this
transaction and whether MidOcean is underpaying for Pre-Paid
shares, thus unlawfully harming Pre-Paid stockholders. In
particular, Pre-Paid stock traded as high as $67.67 per share as
recently as September 29, 2010, which is above the proposed offer
price.
If you own common stock in Pre-Paid 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://www.zlk.com/prepaid-legal-ppd.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions 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.
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