Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Medical Nutrition USA, Inc.

Levi & Korsinsky is investigating the Board of Directors of Medical Nutrition USA, Inc. (“Medical Nutrition” or the “Company”) (NasdaqCM: MDNU) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Danone North America, Inc. ("Danone"). Under the terms of the transaction, Medical Nutrition shareholders will receive $4.00 in cash for each Medical Nutrition share of common stock they own for a total transaction value of approximately $62.3 million.

For the year ending January 31, 2010, Medical Nutrition reported total revenue of $16.089 million and net income of $483 thousand as compared to total revenue and a net loss of $13.747 million and $492 thousand, respectively, for the prior year. The investigation concerns whether the Medical Nutrition Board of Directors breached their fiduciary duties to Medical Nutrition stockholders by failing to adequately shop the Company before entering into this transaction and whether Danone is underpaying for Medical Nutrition shares, thus unlawfully harming Medical Nutrition stockholders. In particular, at least one analyst set a price target for Medical Nutrition stock at $8.25 per share.

If you own common stock in Medical Nutrition 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 or visit http://www.zlk.com/medical-nutrition-usa-mdnu.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Medical Nutrition Usa (MM) (NASDAQ:MDNU)
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