SHAREHOLDER ALERT: Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board ...
August 02 2012 - 10:54AM
Marketwired
Levi & Korsinsky notifies investors of AuthenTec, Inc.
("AuthenTec" or the "Company") (NASDAQ: AUTH) 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 Apple Inc. (NASDAQ: AAPL). A complaint was filed in
Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/authentec-auth, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, AuthenTec shareholders will
receive $8 per share of AuthenTec stock they own. The transaction
has a total approximate value of $350 million. The claims concern
whether the AuthenTec Board of Directors breached their fiduciary
duties to AuthenTec stockholders by failing to adequately shop the
Company before entering into this transaction and whether Apple is
underpaying for AuthenTec shares, thus unlawfully harming AuthenTec
stockholders.
If you own common stock in AuthenTec 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/authentec-auth.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. 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 securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. 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: (212) 363-7171
www.zlk.com
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