Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Allion Healthcare, Inc.

Levi & Korsinsky is investigating the Board of Directors of Allion Healthcare, Inc. (“Allion” or the “Company”) (NasdaqGM: ALLI) for possible breaches of fiduciary duty and other violations of state law in connection with the announced going-private transaction. Under the terms of the transaction, H.I.G. Capital, LLC will pay Allion shareholders $6.60 in cash for each share of Allion common stock they own for a total transaction value of approximately $278 million, including the assumption or repayment of approximately $79 million of debt.

The investigation concerns whether the Allion Board of Directors breached their fiduciary duties to Allion shareholders given that (i) the Company's shares traded at $7.74 as recently as July 31, 2009; (ii) the Company has a book value of $6.62 a share; and (iii) the median price target for Allion stock set by analysts is $9.00 per share with at least one analyst setting a $10.00 per share price target.

If you own common stock in Allion and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/alli1.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.

Allion Healthcare (MM) (NASDAQ:ALLI)
過去株価チャート
から 4 2024 まで 5 2024