Levi & Korsinsky is investigating the Board of Directors of Hughes Telematics Inc. (“HTI” or the “Company”) (OTCBB: HUTC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Verizon Communications Inc. (NYSE/Nasdaq: VZ).
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Under the terms of the transaction, HTI shareholders will receive $12.00 for each share of HTI stock they own. The transaction has a total approximate value of $612 million. The investigation concerns whether the HTI Board of Directors breached their fiduciary duties to HTI stockholders by failing to adequately shop the Company before entering into this transaction and whether Verizon Communications Inc. is underpaying for HTI shares, thus unlawfully harming HTI stockholders.
If you own common stock in HTI 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
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171