NEW YORK, July 27, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of AuthenTec,
Inc. ("AuthenTec" or the "Company") (Nasdaq: AUTH) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Apple Inc. (Nasdaq:
AAPL).
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Click here to learn more about the investigation:
http://zlk.9nl.com/authentec-auth, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, AuthenTec shareholders will
receive $8 per share of AuthenTec
stock they own. The transaction has a total approximate value of
$350 million. The investigation
concerns whether the AuthenTec Board of Directors breached their
fiduciary duties to AuthenTec stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Apple is underpaying for AuthenTec shares, thus unlawfully harming
AuthenTec stockholders.
If you own common stock in AuthenTec 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/authentec-auth.
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