SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty Against Board of LIN Medi...
April 23 2014 - 12:47PM
Levi & Korsinsky notifies investors of LIN Media LLC ("LIN
Media" or the "Company") (NYSE:LIN) of claims of breaches of
fiduciary duty and other violations of state law against the board
of directors of the Company in connection with the sale of the
Company to Media General, Inc. A complaint was filed in Delaware
state court.
Click here to learn more about the investigation
http://zlk.9nl.com/lin-media-lin, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, LIN Media shareholders may
elect to receive $27.82 in cash or 1.5762 shares of the new holding
company for each share of LIN Media stock they own. The claims
concern whether the LIN Media Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into this transaction, and whether
Media General, Inc. is underpaying for LIN Media shares. In
particular, at least one analyst set a price target for LIN Media
stock at $32.00 per share.
If you own LIN Media common stock 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/lin-media-lin.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. 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 - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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