LEVI & KORSINSKY, LLP Notifies Investors of INNOTRAC CORPORATION of Claims of
Breaches of Fiduciary Duty by Board of Directors In Connection With Sale Of
the Company to Sterling Partners
NEW YORK, Nov. 25, 2013
NEW YORK, Nov. 25, 2013 /PRNewswire/ --Levi & Korsinsky notifies investors of
Innotrac Corporation ("Innotrac" or the "Company") (NasdaqCM: INOC) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to an affiliate of Sterling Partners.
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Click here to learn more about the case http://zlk.9nl.com/innotrac-inoc/, or
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Sterling Partners and Innotrac announced on November 14, 2013 that the
companies have entered into a definitive merger agreement under which Sterling
Partners will acquire all of the outstanding common stock of Innotrac for
approximately $108 million. Under the terms of the transaction, Innotrac
shareholders will receive $8.20 in cash for each share of Innotrac stock they
own. The investigation concerns whether the Innotrac Board of Directors
breached their fiduciary duties to stockholders by failing to adequately shop
the Company before agreeing to enter into this transaction, and whether
Sterling Partners is underpaying for Innotrac shares.
If you own Innotrac common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org 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,
Stamford, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities and
shareholder lawsuits. For more information, please feel free to contact any of
the attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
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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