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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Fisher Communications, Inc. In Connection With The Sale Of The Company To Sinclair Broadcast Group, Inc.
April 15, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Fisher Communications, Inc. ("Fisher" or the "Company") (NasdaqGS: FSCI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sinclair Broadcast Group, Inc. (NasdaqGS: SBGI).
Click here to learn more about the investigation
http://zlk.9nl.com/fisher-communications/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Fisher shareholders will receive
$41.00 for each share of Fisher stock they own. The transaction has a total approximate value of
$373 million. The investigation concerns whether the Fisher Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Sinclair Broadcast Group, Inc. is underpaying for Fisher stock, thus unlawfully harming Fisher stockholders.
If you own common stock in Fisher and wish to obtain additional information, please contact
Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
New Jersey 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, LLP
Joseph Levi, Esq.Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor
New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171