The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Emergent Group Inc. In Connection With The Sale Of The Company To Universal Hospital Services, Inc. - LZR
Levi & Korsinsky is investigating the Board of Directors of Emergent Group Inc. (“Emergent Group” or the “Company”) (AMEX: LZR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Universal Hospital Services, Inc. (“UHS”) (NYSE: UHS). Under the terms of the transaction, Emergent Group shareholders will receive $8.46 in cash per outstanding share of Emergent Group stock they own. The transaction has a total value of $70 million, including the assumption of debt.
Click here to learn more about the investigation: http://www.zlk.com/emergent-group-lzr.html, or call: 877-363-5972.
The investigation concerns whether the Emergent Group Board of Directors breached their fiduciary duties to Emergent Group stockholders by failing to adequately shop the Company before entering into this transaction and whether UHS is underpaying for Emergent Group shares, thus unlawfully harming Emergent Group stockholders. In particular, Emergent Group stock traded as high as $8.65 per share as recently as December 14, 2010.
If you own common stock in Emergent Group and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/emergent-group-lzr.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. 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. Attorney advertising. Prior results do not guarantee similar outcomes.
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