SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
Jan 7th 2013 7:50PM
Updated Jan 7th 2013 8:00PM
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Young Innovations, Inc. in Connection the Sale of the Company to Linden Capital Partners
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Young Innovations, Inc. ("Young Innovations" or the "Company") (NasdaqGS: YDNT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of Linden Capital Partners.
Click here to learn more about the investigation: http://zlk.9nl.com/young-innovations-ydnt/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Young Innovations shareholders will receive $39.50 per share of Young Innovations stock they own. The transaction has a total approximate value of $314 million. The investigation concerns whether the Young Innovations Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Linden Capital Partners is underpaying for Young Innovations shares, thus unlawfully harming Young Innovations stockholders. In particular, Young Innovations stock traded above the offer price as recently as September 27, 2012.
If you own common stock in Young Innovations 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 http://zlk.9nl.com/young-innovations-ydnt/.
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. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Young Innovations, Inc. in Connection the Sale of the Company to Linden Capital Partners originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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