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The Law Office of Joseph Klein Announces Investigation of Possible Breach of Fiduciary Duty by the Board of ICx Technologies, I

^{Published on 2010-08-16 14:45:24 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the board of directors of ICx Technologies, Inc.(Nasdaq: ICXT) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to FLIR Systems Inc. (Nasdaq: FLIR) for $7.55 in cash per share for a total transaction value of approximately $274 million. Concerned shareholders should contact Joseph Klein directly at [ jk@jkleinlawfirm.com ], or toll-free at: (877) STOK-180 (877-786-5180).

ICXT stock traded in excess of $8.00 per share as recently as July 28, 2010 and the mean target price for ICXT stock set by analysts is $9.00 per share with at least one analyst setting a price target of $10.00 per share. The investigation concerns whether the ICXT board breached their fiduciary duties to ICXT stockholders by failing to adequately shop the Company before entering into this transaction and whether FLIR is underpaying for ICXT shares.

If you own common stock in ICXT and wish to obtain additional information about this investigation and what is being done to advance the interests of the shareholders, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/icxt.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.