The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Emer...
February 14 2011 - 11:28AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Emergency Medical Services (“EMS” or the “Company”) (NYSE: EMS) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Clayton, Dubilier
& Rice, LLC a private equity investment firm. Under the terms
of the transaction, EMS shareholders will receive $64 in cash per
EMS share they own for a total transaction value of approximately
$3.0 billion.
Click here to learn how to join the action:
http://www.zlk.com/emergency-medical-ems.html, or call:
877-363-5972.
The investigation concerns whether the EMS Board of Directors
breached their fiduciary duties to EMS stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Clayton, Dubilier & Rice is underpaying for EMS
shares, thus unlawfully harming EMS stockholders. In particular,
EMS stock traded as high as $70.94 as recently as February 10, 2011
and at least one analyst set a price target of $76 per share of EMS
stock.
If you own common stock in EMS 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 visit
http://www.zlk.com/emergency-medical-ems.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. 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 - 15th FloorNew York, NY 10004Tel: (212)
363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com
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