NEW YORK, Nov. 25, 2013 /PRNewswire/ -- Levi &
Korsinsky notifies investors of Innotrac Corporation ("Innotrac" or
the "Company") (NasdaqCM: INOC) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to an affiliate of Sterling Partners.
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Click here to learn more about the case
http://zlk.9nl.com/innotrac-inoc/, or call: 877-363-5972.
There is no cost or obligation to you.
Sterling Partners and Innotrac announced on November 14, 2013 that the companies have entered
into a definitive merger agreement under which Sterling Partners
will acquire all of the outstanding common stock of Innotrac for
approximately $108 million. Under the
terms of the transaction, Innotrac shareholders will receive
$8.20 in cash for each share of
Innotrac stock they own. The investigation concerns whether the
Innotrac 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 Sterling
Partners is underpaying for Innotrac shares.
If you own Innotrac 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/innotrac-inoc/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Stamford, Connecticut and Washington D.C. The firm's 26 attorneys have
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.
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
