Levi & Korsinsky, LLP Investigates Possible Breach Of Fiduciary Duty By The Board Of Global Medical Technologies Inc. - GLOB
Levi & Korsinsky is investigating the Board of Directors of Global Medical Technologies Inc. (“Global Medical” or the “Company”) (OTCBB: GLOB) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Haemonetics Corporation ("Haemonetics ") (NYSE: HAE). Under the terms of the transaction, Haemonetics will commence a tender offer to purchase all outstanding shares of Global Medical common stock at $1.22 per share and preferred stock at approximately $1,694 per share. The total transaction value is approximately $60 million.
The investigation concerns whether the Global Medical of Directors breached their fiduciary duties to Global Medical stockholders by failing to adequately shop the Company before entering into this transaction and whether Haemonetics is underpaying for Global Medical shares, thus unlawfully harming Global Medical stockholders. Global Medical stock traded as high as $1.14 per share as recently as September 21, 2009.
If you are a current holder of Global Medical and would like additional information, please contact us at the number listed below or visit http://www.zlk.com/glob1.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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV