Levi & Korsinsky is investigating the Board of Directors of Mediacom Communications Corp. (“Mediacom” or the “Company”) (NasdaqGS: MCCC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Rocco B. Commisso, the founder, Chairman and Chief Executive Officer of Mediacom. (“Commisso”). Under the terms of the transaction, Mediacom shareholders will receive $8.75 per share in cash for each share they own for a total transaction value of approximately $600 million. Commisso owns approximately 40% of the Company’s common stock representing about 87% of the voting power.
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The investigation concerns whether the Mediacom Board of Directors breached their fiduciary duties to Mediacom stockholders by failing to adequately shop the Company before entering into this transaction and whether Commisso is underpaying for Mediacom shares, thus unlawfully harming Mediacom stockholders.
If you own common stock in Mediacom and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 15th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171