InPlay - TELLABS INC. INVESTOR ALERT: Levi & Korsinsky, LLP Investigates Possible Breaches of Fiduciary Duty by Board of Tell...
October 22 2013 - 12:00PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Tellabs Inc. (“Tellabs” or the “Company”) (NasdaqGS:TLAB) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Marlin Equity
Partners.
Click here to learn more about the investigation
http://zlk.9nl.com/tellabsinc-tlab/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Tellabs shareholders will
receive $2.45 for each share of Tellabs stock they own. The
investigation concerns whether the Tellabs 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 Marlin Equity Partners is underpaying for
Tellabs shares. In particular, Tellabs has a reported Book Value of
$2.81 per share.
If you own Tellabs 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/tellabsinc-tlab/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut 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. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
212-363-7171www.zlk.com
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