NEW YORK, June 20, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Network
Equipment Technologies Inc. ("Network Equipment" or the "Company")
(Nasdaq: NWK) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Sonus Networks, Inc. (Nasdaq: SONS).
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Click here to learn how to join the action:
http://zlk.9nl.com/network-equipment-nwk/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Network Equipment
shareholders will receive $1.35 per
share of Network Equipment stock they own. The transaction
has an approximate total value of $41.3
million. The investigation concerns whether the
Network Equipment Board of Directors breached their fiduciary
duties to Network Equipment stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Sonus Networks, Inc. is underpaying for Network Equipment shares,
thus unlawfully harming Network Equipment stockholders. In
particular, at least one analyst set a price target of $3.00 per share for the most recent
quarter.
If you own common stock in Network Equipment 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 http://zlk.9nl.com/network-equipment-nwk/.
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
SOURCE Levi & Korsinsky, LLP
