The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Adams ...
March 19 2012 - 12:43PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Adams Golf, Inc. (“Adams Golf” or the “Company”) (Nasdaq: ADGF) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to TaylorMade-adidas
Golf Company. Under the terms of the agreement, Adams Golf
stockholders will receive $10.80 for each share of Adams Golf
common stock they own. The transaction has a total approximate
value of $70 million. Shareholders holding approximately 35% of
Adams Golf’s outstanding shares have already agreed to tender their
shares.
Click here to learn how to join the action:
http://www.zlk.com/adams-golf-adgf, or call: 877-363-5972. There is
no cost or obligation to you.
The investigation concerns whether the Adams Golf Board of
Directors breached their fiduciary duties to Adams Golf
stockholders by failing to adequately shop the Company before
entering into this transaction and whether TaylorMade-adidas Golf
Company is underpaying for Adams Golf shares, thus unlawfully
harming Adams Golf stockholders.
If you own common stock in Adams Golf and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
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 similar outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
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