Science & Technology
Science and Technology
Science and Technology
Mon, January 31, 2011
Sun, January 30, 2011
Fri, January 28, 2011
Thu, January 27, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Terrem
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Terremark Worldwide, Inc. (aTerremarka or the aCompanya) (Nasdaq: TMRK) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Verizon Communications, Inc. (aVerizona) (NYSE: VZ). Under the terms of the transaction, Terremark shareholders will receive $19.00 in cash per share for a total transaction value of $1.4 billion. Verizon also entered into agreements with three Terremark stockholders to tender their shares into the offer, representing approximately 27.6 percent of the outstanding voting shares of Terremark.
Click here to learn how to join the action: [ http://www.zlk.com/terremark-worldwide.html ], or call: 877-363-5972.
The investigation concerns whether the Terremark Board of Directors breached their fiduciary duties to Terremark stockholders by failing to adequately shop the Company before entering into this transaction and whether Verizon is underpaying for Terremark shares, thus unlawfully harming Terremark stockholders.
If you own common stock in Terremark 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/terremark-worldwide.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. Attorney advertising. Prior results do not guarantee similar outcomes.
