AutoInfo Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP for Potential Breaches of Fiduciary Duty Business Wire LOS ANGELES -- March 1, 2013 Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of AutoInfo Inc. (“AutoInfo” or the “Company”) (OTCBB: AUTO) related to the proposed acquisition of the Company by AutoInfo Holdings, LLC, a subsidiary of Comvest Partners. The transaction values AutoInfo shares at approximately $1.05. This investigation concerns whether the Board of Directors of AutoInfo breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $0.490 on August 9, 2011 to $0.989 on January 8, 2013. If you are a shareholder of AutoInfo, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contact: Glancy Binkow & Goldberg LLP Louis Boyarsky, Esquire (310) 201-9150 or Toll Free at (888) 773-9224 email@example.com
AutoInfo Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP for Potential Breaches of Fiduciary Duty
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