The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Vital Images, Inc. in Con...
May 05 2011 - 11:30AM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Vital Images, Inc. (Nasdaq: VTAL) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to a subsidiary of Toshiba
Medical Systems Corporation. Under the terms of the proposed deal,
Vital Images shareholders will $18.75 in cash per share for a total
transaction value of approximately $273 million.
The investigation concerns whether the Vital Images Board of
Directors breached their fiduciary duties to Vital Images
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Toshiba Medical is
underpaying for Vital Images shares. At least one analyst set a
price target of $19.00 per share of Vital Images stock.
If you own common stock in Vital Images and wish to obtain
additional information, please contact Joseph Klein, Esq. directly,
via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005,
Toll Free: 877-STOK-180, or visit
http://www.jkleinlawfirm.com/vital-images.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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