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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of IT

  //science-technology.news-articles.net/content/2 .. eaches-of-fiduciary-duty-by-the-board-of-it.html
  Published in Science and Technology on Wednesday, October 6th 2010 at 9:21 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of ITC DeltaCom, Inc. (aDeltaComa or the aCompanya) (OTC:ITCD.OB) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to EarthLink, Inc. (aEarthLinka) (NasdaqGS:ELNK). Under the terms of the transaction, DeltaCom shareholders will be entitled to receive $3.00 in cash for each share they own. The transaction is valued at approximately $516 million, including assumption of $325 million in debt.

Click here to learn how to join the action: [ http://www.zlk.com/deltacom-itcd.html ], or call: 877-363-5972.

The investigation concerns whether the DeltaCom Board of Directors breached their fiduciary duties to DeltaCom stockholders by failing to adequately shop the Company before entering into this transaction and whether EarthLink is underpaying for DeltaCom shares, thus unlawfully harming DeltaCom stockholders.

If you own common stock in DeltaCom and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/deltacom-itcd.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.