SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of
Breaches of Fiduciary Duty by the Board of Kayak Software Corporation in
Connection with the Sale of the Company to priceline.com Incorporated
NEW YORK, Jan. 4, 2013
NEW YORK, Jan. 4, 2013 /PRNewswire/ -- Levi & Korsinsky notifies investors of
Kayak Software Corporation ("Kayak" or the "Company") (NasdaqGS: KYAK) of
claims of breaches of fiduciary duty and other violations of state law against
the board of directors of the Company in connection with the sale of the
Company to priceline.com Incorporated (NasdaqGS: PCLN). A complaint was filed
in Connecticut state court.
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Click here to learn more about the investigation:
http://zlk.9nl.com/kayak-software-kyak, or call: 877-363-5972. There is no
cost or obligation to you.
Under the terms of the transaction, Kayak shareholders will receive $40 in
cash and stock for each share of Kayak stock they own. The transaction has a
total approximate value of $1.8 billion. The claims concern whether the Kayak
Board of Directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before entering into this transaction and
whether priceline.com Incorporated is underpaying for Kayak shares, thus
unlawfully harming Kayak stockholders.
If you own common stock in Kayak 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
Levi & Korsinsky is a national firm with offices in New York 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
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
SOURCE Levi & Korsinsky, LLP
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