WILMINGTON, Del., Dec. 5,
2013 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of Innotrac Corporation (NASDAQ CM:
INOC)?
- Did you purchase any of your shares prior to November 14, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Innotrac
Corporation ("Innotrac" or the "Company") (NASDAQ CM: INOC)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by an affiliate of Sterling Partners ("Sterling") in
a transaction valued at approximately $108
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/innotrac-corporation-inoc.
Under the terms of the agreement, public shareholders of
Innotrac will receive $8.20 per share
in cash for each share of Innotrac they own.
The investigation concerns whether Innotrac's board of directors
failed to adequately shop the Company and obtain the best possible
value for Innotrac's shareholders before entering into an agreement
with Sterling.
If you own the common stock of Innotrac and purchased your
shares before November 14, 2013, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825
East Gate Boulevard, Suite 300, Garden
City, New York 11530, by telephone at (888) 969-4242; by
e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/innotrac-corporation-inoc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.