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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Ditech Networks, Inc. In Connection With The Sale Of The Company To Nuance Communications, Inc.
Levi & Korsinsky is investigating the Board of Directors of Ditech Networks, Inc. (“Ditech” or the “Company”) (NasdaqGM: DITC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Nuance Communications, Inc. (NasdaqGS: NUAN).
Click here to learn more about the investigation:
http://zlk.9nl.com/ditech-networks-ditc, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Ditech shareholders will receive $1.45 for each Ditech share they own. The transaction has a total approximate value of $22.5 million. The investigation concerns whether the Ditech Board of Directors breached their fiduciary duties to Ditech stockholders by failing to adequately shop the Company before entering into this transaction and whether Nuance Communications, Inc. is underpaying for Ditech shares, thus unlawfully harming Ditech stockholders. In particular, at least one analyst set a price target for Ditech stock at $2.25 per share.
If you own common stock in Ditech 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
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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.