SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors of Claims of Fiduciary
Duty by the Board of Steinway Musical Instruments, Inc. in Connection With the
Sale of the Company to Kohlberg & Company -- LVB
NEW YORK, July 12, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies
investors of Steinway Musical Instruments, Inc. ("Steinway" or the "Company")
(NYSE:LVB) 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 an affiliate of Kohlberg & Company. A complaint was
filed in Delaware state court.
Click here to learn more about the case
http://zlk.9nl.com/steinway-musical-lvb/, or call: 877-363-5972. There is no
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Under the terms of the transaction, Steinway shareholders will receive $35.00
for each share of Steinway stock they own. The transaction has a total
approximate value of $438 million. The claims concern whether the Steinway
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 Kohlberg & Company is underpaying for Steinway, thus unlawfully
harming Steinway shareholders.
If you own common stock in Steinway 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
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: (212) 363-7171
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