Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors ("Board") of Mediacom Communications Corp. ("Mediacom" or the "Company") (NASDAQ: MCCC) in connection with their efforts to sell Mediacom to the Company's founder and Chief Executive Officer, Rocco B. Commisso. If the transaction is completed, Mediacom shareholders will receive $8.75 in cash for each outstanding Mediacom share.
Robbins Umeda LLP's investigation concerns whether Mediacom's Board undertook a fair process to obtain fair consideration for all shareholders of Mediacom. Specifically, our investigation concerns whether members of the Company's Board breached their fiduciary duties to Mediacom shareholders by failing to adequately shop the Company before entering into the transaction with Mr. Commisso.
If you are a shareholder of Mediacom, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at firstname.lastname@example.org.
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