From the Wires
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Acme Packet Inc. in Connection with the Sale of the Company to Oracle Corporation
By: PR Newswire
Feb. 12, 2013 11:44 AM
NEW YORK, Feb. 12, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Acme Packet Inc. ("Acme" or the "Company") (NasdaqGS: APKT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Oracle Corporation (NasdaqGS: ORCL).
Click here to learn how to join the action: http://zlk.9nl.com/acme-packet-apkt/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Acme shareholders will receive $29.95 for each share of Acme stock they own. The transaction has a total approximate value of $2.1 billion. The investigation concerns whether the Acme Board of Directors breached their fiduciary duties to Acme stockholders by failing to adequately shop the Company before entering into this transaction and whether Oracle Corporation is underpaying for Acme shares, thus unlawfully harming Acme stockholders.
If you own common stock in Acme and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/acme-packet-apkt/.
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.
SOURCE Levi & Korsinsky, LLP
Latest Cloud Developer Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week