Steinway Musical Instruments, Inc. Shareholder Alert: Briscoe Law Firm And Powers Taylor, LLP Investigate Sale Of Steinway Musical Instruments To Kohlberg & Company

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Steinway Musical Instruments, Inc. (“Steinway Musical”) (NYSE: LVB) to Kohlberg & Company for shareholders. Under the terms of the proposed sale, Steinway Musical shareholders will only receive $35.00 for each share Steinway Musical stock owned. The proposed buyout is valued at approximately $438 million.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com. There is no cost or fee to you.

The investigation of the Steinway Musical sale concerns whether the Company’s shareholders are receiving adequate value their shares and whether Steinway Musical’s board breached their fiduciary duties to the shareholders by not attempting to obtain the highest share price for all shareholders prior to agreeing to the deal.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Copyright Business Wire 2010

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