The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Knology, Inc. in Connection with the Sale of the Company to WOW! Internet, Cable & Phone
NEW YORK, April 23, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Knology, Inc. ("Knology" or the "Company") (Nasdaq: KNOL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to WOW! Internet, Cable & Phone. Under the terms of the agreement, Knology shareholders will receive $19.75 for each share of Knology stock they own. The transaction has a total approximate value of $1.5 billion.
The investigation concerns whether the Knology Board of Directors breached their fiduciary duties to Knology stockholders by failing to adequately shop the Company before entering into this transaction and whether WOW! Internet, Cable & Phone is underpaying for Knology shares, thus unlawfully harming Knology stockholders.
If you own common stock in Knology and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] 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 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: 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