SHAREHOLDER ALERT- IntegraMed America Inc.: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Company In Connection With Sale To Sagard Capital Partners
NEW YORK, June 13, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of IntegraMed America Inc. ("IntegraMed" or the "Company") (Nasdaq: INMD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sagard Capital Partners. (Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO) Click here to learn how to join the action: http://zlk.9nl.com/integramed-america-inmd, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, IntegraMed shareholders will receive $14.05 for each share of IntegraMed stock they own. The transaction has a total approximate value of $169.5 million. The investigation concerns whether the IntegraMed Board of Directors breached their fiduciary duties to IntegraMed stockholders by failing to adequately shop the Company before entering into this transaction and whether Sagard Capital Partners is underpaying for IntegraMed shares, thus unlawfully harming IntegraMed stockholders. The Company's largest shareholder, with approximately 27% of the Company's outstanding shares, has agreed to vote in favor of the transaction. If you own common stock in IntegraMed 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 http://zlk.9nl.com/integramed-america-inmd. 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, LLP Joseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
Shares of IntegraMed America (Nasdaq:INMD) have taken a tremendous swing upward. The stock is trading at $13.71 as of 9:55 a.m. ET, 20.9% above Friday's closing price of $11.34. Volume is at 476,658, 22.5 times the daily average of 21,200.