NEW YORK, Oct. 24, 2011 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Vertro, Inc.
("Vertro" or the "Company") (NASDAQ: VTRO) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Inuvo, Inc. (AMEX: INUV). Under
the terms of the transaction, Vertro shareholders will receive
1.546 shares of Inuvo common stock per each share of Vertro common
stock they own; this represents a value of approximately
$2.25 per share.
Click here to learn how to join the action:
http://zlk.9nl.com/vertro-inc/, or call: 877-363-5972.
The investigation concerns whether the Vertro Board of Directors
breached their fiduciary duties to Vertro stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Inuvo, Inc. is underpaying for Vertro
shares, thus unlawfully harming Vertro stockholders. In
particular, at least one analyst has set a price target of
$3.00 per Vertro share and the stock
has traded as high as $5.35 as
recently as February 4, 2011.
Moreover, Vertro's President and CEO is expected to remain in
his positions at the combined company after the proposed
transaction is consummated.
If you own common stock in Vertro 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://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. 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 - 15th 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