SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Fisher Co...
April 23 2013 - 10:56AM
Marketwired
Levi & Korsinsky notifies investors of Fisher Communications,
Inc. ("Fisher" or the "Company") (NASDAQ: FSCI) 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 Sinclair Broadcast Group, Inc. (NASDAQ:
SBGI). A complaint was filed in Washington state court.
Click here to learn more about the investigation http://zlk.9nl.com/fisher-communications/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Fisher shareholders will
receive $41.00 for each share of Fisher stock they own. The
transaction has a total approximate value of $373 million. The
claims concern whether the Fisher Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into the transaction, and whether
Sinclair Broadcast Group, Inc. is underpaying for Fisher stock,
thus unlawfully harming Fisher stockholders.
If you own common stock in Fisher 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/fisher-communications/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey 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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