SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of
Breaches of Fiduciary Duty by the Board of MakeMusic, Inc. in Connection with
Sale of Company to an Affiliate of LaunchEquity Partners, LLC
NEW YORK, April 3, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies
investors of MakeMusic, Inc. ("MakeMusic" or the "Company") (Nasdaq:MMUS) 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 LaunchEquity Acquisition Partners, LLC Designated Series Education
Partners ("LEAP"), an affiliate of LaunchEquity Partners, LLC. A complaint was
filed in Minnesota state court.
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Under the terms of the transaction, MakeMusic shareholders will receive $4.85
per share of MakeMusic stock they own. LEAP currently owns approximately 27%
of the Company's outstanding common stock. The claims concern whether the
MakeMusic Board of Directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before entering into this
transaction and whether LEAP is underpaying for MakeMusic shares, thus
unlawfully harming MakeMusic stockholders.
If you own common stock in MakeMusic and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
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
CONTACT: 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: (866) 367-6510
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