Faruqi & Faruqi, LLP Announces Investigation of INX, Inc.
November 08 2011 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of INX, Inc. (“INXI” or the “Company”) (NASDAQ: INXI) for
potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to Presidio in an
all-cash deal valued at about $83 million. Under the terms of the
proposed transaction, INXI stockholders will receive $8.75 in cash
for each share of INXI common stock they own.
Request more information now by clicking here:
www.faruqilaw.com/INXI
Whether INXI’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues INXI’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of INXI’s shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in INXI and wish to obtain additional
information, please visit us at www.faruqilaw.com/INXI or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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