NEW YORK, Sept. 26, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of American Medical Alert Corp. ("AMAC" or the "Company") (Nasdaq: AMAC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Tunstall Healthcare Group Limited. Under the terms of the transaction, AMAC shareholders will receive $8.55 per share of AMAC stock they own. AMAC shareholders will also receive one Contingent Payment Right per share in the event of a sale of AMAC's interests in the Lifecomm joint venture or prior sale of Tunstall under certain conditions.
Click here to learn how to join the action: http://www.zlk.com/american-medical-alert-amac, or call: 877-363-5972.
The investigation concerns whether the AMAC Board of Directors breached their fiduciary duties to AMAC stockholders by failing to adequately shop the Company before entering into this transaction and whether Tunstall Healthcare Group Limited is underpaying for AMAC shares, thus unlawfully harming AMAC stockholders.
If you own common stock in AMAC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP