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The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Terremark Wo

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^{Published in Science and Technology on Friday, February 4th 2011 at 12:45 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg 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.

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 Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/terremark-tmrk.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.