The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of SRA ...
April 01 2011 - 10:29AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
SRA International, Inc. (“SRA” or the “Company”) (NYSE: SRX) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to an affiliate of
Providence Equity Partners (“Providence”). Under the terms of the
transaction, SRA shareholders will receive $31.25 in cash for each
share of SRA common stock they own. The transaction has a total
approximate value of $1.88 billion.
Click here to learn how to join the action:
http://www.zlk.com/sra-international-srx.html, or call:
877-363-5972.
The investigation concerns whether the SRA Board of Directors
breached their fiduciary duties to SRA stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Providence is underpaying for SRA shares, thus
unlawfully harming SRA stockholders.
If you own common stock in SRA 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/sra-international-srx.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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