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

^{Published on 2010-08-17 13:46:45 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Vincent Wongis 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.

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. ICXT stock traded in excess of $8.00 per share as recently as July 28, 2010 and at least one analyst set a price target for ICXT stock at $10.00 per share.

If you own common stock in ICXT and wish to obtain additional information about this investigation and what is being done to advance the shareholdersa™ interests, please contact Vincent Wong, Esq. directly, via email at [ vw@wongesq.com ], by telephone at 212.584.2740, or visit [ http://www.wongesq.com/icxt.html ].

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.