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The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of Vital Images

  //science-technology.news-articles.net/content/2 .. fiduciary-duty-by-the-board-of-vital-images.html
  Published in Science and Technology on Friday, April 29th 2011 at 11:51 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--The Law Offices of Vincent Wong are investigating the Board of Directors of Vital Images, Inc. (Nasdaq: VTAL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of Toshiba Medical Systems Corporation (aTMSCa). Under the terms of the proposed deal, Toshiba Medical will acquire all outstanding shares of common stock of Vital Images for $18.75 in cash per share. The transaction has a total value of approximately $273 million.

The investigation concerns whether the Vital Images Board of Directors breached their fiduciary duties to Vital Images stockholders by failing to adequately shop the Company before entering into this transaction and whether TMSC is underpaying for Vital Images shares, thus unlawfully harming Vital Images stockholders. According to Thomson/First Call, at least one analyst set a price target for Vital Images stock at $19.00 per share.

If you own common stock in Vital Images and wish to obtain additional information, please contact Vincent Wong, Esq. either via email [ vw@wongesq.com ], by telephone at 212.584.2740, or visit [ http://www.wongesq.com/vital-images.html ].

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.