The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Acme Packet Inc. in Connection with the Sale of the Company to Oracle Corporation
NEW YORK, Feb. 12, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Acme Packet Inc. ("Acme" or the "Company") (NasdaqGS: APKT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Oracle Corporation (NasdaqGS: ORCL).
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )
Click here to learn how to join the action: http://zlk.9nl.com/acme-packet-apkt/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Acme shareholders will receive $29.95 for each share of Acme stock they own. The transaction has a total approximate value of $2.1 billion. The investigation concerns whether the Acme Board of Directors breached their fiduciary duties to Acme stockholders by failing to adequately shop the Company before entering into this transaction and whether Oracle Corporation is underpaying for Acme shares, thus unlawfully harming Acme stockholders.
If you own common stock in Acme 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/acme-packet-apkt/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP
RELATED LINKS
http://www.zlk.com
More by this Source
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of SoundBite Communications, Inc. in Connection with the Sale of the Company to Genesys
May 23, 2013, 10:14 ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Websense, Inc. in Connection with the Sale of the Company to Vista Equity Partners
May 22, 2013, 10:41 ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Theragenics Corporation in Connection with a Going Private Proposal
May 21, 2013, 10:33 ET
Featured Video
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.