Kirby McInerney LLP is investigating potential claims against the Board of Directors of Innotrac Corporation (“Innotrac” or the “Company”) (NASDAQ:INOC) concerning the proposed acquisition of the Company by an affiliate of Sterling Partners (“Sterling”). Under the terms of the definitive merger agreement, Innotrac shareholders will receive $8.20 in cash for each share of Innotrac owned, valuing the transaction at approximately $108 million.
The investigation concerns whether the Innotrac Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the $8.20 per share proposed consideration adequately values Innotrac’s common stock.
If you are an Innotrac shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at
, by telephone at (212) 699-1145 or (888) 529-4787, or by
filling out this contact form
. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to