INVESTOR ALERT: Levi & Korsinsky, LLP Announces Class Action Challenging the Fairness of the Sale of Electro Rent Corporation...
June 09 2016 - 11:03AM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All Persons or Entities who
purchased Electro Rent Corporation (NASDAQ:ELRC)
stock prior to May 31, 2016.
You are hereby notified that a
class action has been commenced in California state court
challenging the fairness of the sale of
Electro Rent Corporation to Platinum Equity for $13.12 per
share. Due to the agreement, Electro Rent will not be paying its
next quarterly common stock dividend, scheduled for July 2016.
Certain insiders who collectively own approximately 29% of the
Company’s outstanding shares have already agreed to tender their
shares. To learn more about the action and your rights, go
to:
http://zlk.9nl.com/electro-rent-elrc
or contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972. There is no cost or obligation to
you.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut, California, and Washington D.C. The
firm’s attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities lawsuits and have
recovered hundreds of millions of dollars for aggrieved
shareholders. 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
www.zlk.com
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