SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
May 2nd 2013 1:37PM
Updated May 2nd 2013 1:40PM
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Ebix, Inc. in Connection with the Sale of the Company to a Goldman, Sachs & Co. Affiliate
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Ebix, Inc. ("Ebix" or the "Company") (NAS: EBIX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a Goldman, Sachs & Co affiliate.
Click here to learn more about the investigation http://zlk.9nl.com/ebix-ebix/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Ebix shareholders will receive $20 for each share of Ebix stock they own. The transaction has a total approximate value of $820 million, including the assumption of debt. The investigation concerns whether the Ebix 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 Goldman, Sachs & Co. is underpaying for Ebix stock, thus unlawfully harming Ebix stockholders.
If you own common stock in Ebix 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/ebix-ebix/.
Levi & Korsinsky is a national firm with offices in New York, 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, 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 Ebix, Inc. in Connection with the Sale of the Company to a Goldman, Sachs & Co. Affiliate 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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