SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of sTec, Inc. in Connection with the Sale of the Company to Western Digital Corp.
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of sTec, Inc. ("sTec" or the "Company") (NasdaqGS: STEC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of Western Digital Corp. (NasdaqGS: WDC).
Click here to learn more about the investigation http://zlk.9nl.com/stec-stec/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction sTec shareholders will receive $6.85 for each share of sTec stock the own. The transaction has a total approximate value of $340 million. The investigation concerns whether the sTec Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Western Digital Corp. is underpaying for sTec stock, thus unlawfully harming sTec shareholders.
If you own common stock in sTec and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/stec-stec/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
KEYWORDS: United States North America New York
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