Weiss & Lurie Law Firm Investigates the Acquisition of InfoLogix, Inc. by Stanley Black & Decker, Inc.By Avik, Gaea News Network
Wednesday, December 22, 2010
NEW YORK (GaeaTimes.com) — Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by members of the Board of Directors of InfoLogix, Inc. (OTCQB: IFLG) arising from the proposed acquisition of InfoLogix, Inc. by Stanley Black & Decker, Inc. (NYSE: SWK).
Under the terms of the transaction, InfoLogix shareholders will receive $4.75 for each share of InfoLogix common stock. The value of the transaction is approximately $61.2 million and is expected to close early in the first quarter of 2011.
Weiss & Lurie is investigating whether InfoLogix’s Board acted in the best interests of shareholders in approving the transaction and whether proper disclosure has been made to InfoLogix shareholders.
If you own common stock in InfoLogix and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at firstname.lastname@example.org or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.