Faruqi & Faruqi, LLP Announces Class Action Lawsuit in Connection With Potential Breaches of Fiduciary Duty by the LIN Media Board of Directors Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LIN Media LLC
NEW YORK, April 22, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, announces that a class action lawsuit has been filed against the Board of Directors of LIN Media LLC ("LIN" or the "Company") (NYSE: LIN) claiming they have breached fiduciary duties relating to the sale of the Company to Media General Inc. (MEG). Under the terms of the deal, the Company's stockholders are offered to receive a mixed of stock or cash worth $27.82, or 1.5762 shares of the Media General Inc. for each share of LIN common stock they own.
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If you own common stock in LIN and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/LIN or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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