NEW YORK, May 31, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of LeCroy
Corporation ("LeCroy" or the "Company") (Nasdaq: LCRY) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Teledyne Technologies
Incorporated (NYSE: TDY).
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http://zlk.9nl.com/lecroy-corporation-lcry, or call: 877-363-5972.
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Under the terms of the transaction, LeCroy shareholders will
receive $14.30 for each share of
LeCroy stock they own. The transaction has a total
approximate value of $291 million,
taking into account the Company's stock options, appreciation
rights, and net debt. The investigation concerns whether the
LeCroy Board of Directors breached their fiduciary duties to LeCroy
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Teledyne Technologies
Incorporated is underpaying for LeCroy shares, thus unlawfully
harming LeCroy stockholders. In particular, at least one
analyst set a price target for LeCroy stock at $16.00 per share.
If you own common stock in LeCroy 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, or
http://zlk.9nl.com/lecroy-corporation-lcry.
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, 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
SOURCE Levi & Korsinsky, LLP