The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board
(NewDesignWorld Press Release Center) -- New York, NY, March 29, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Rural/Metro Corporation (“Rural/Metro” or the “Company”) (Nasdaq: RURL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to private equity firm Warburg Pincus. Under the terms of the transaction, Rural/Metro shareholders will receive $17.25 cash per share of Rural/Metro stock they own for a total transaction value of $438.2 million.
Click here to learn how to join the action: http://www.zlk.com/rural-metro-corporation-rurl.html, or call: 877-363-5972.
The investigation concerns whether the Rural/Metro Board of Directors breached their fiduciary duties to Rural/Metro stockholders by failing to adequately shop the Company before entering into this transaction and whether Warburg Pincus is underpaying for Rural/Metro shares, thus unlawfully harming Rural/Metro stockholders. In particular, at least one analyst set a price target for Rural/Metro stock at $18.00 per share.
If you own common stock in Rural/Metro 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/rural-metro-corporation-rurl.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.
contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St
15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com
Discuss Bury
NDW PR Center is a Web 2.0 News release and distribution service
