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 -- June 24, 2013
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
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
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
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