NEW YORK, Feb. 7, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Virgin Media, Inc. ("Virgin Media" or the "Company") (NasdaqGS: VMED) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Liberty Global Inc. ("Liberty Global") (NasdaqGS: LBTYA).
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Under the terms of the transaction, Virgin Media shareholders will receive $17.50 in cash, 0.2582 of a Liberty Global Class A share, and 0.1928 of a Liberty Global Class C share for each share of Virgin Media stock they own, representing a value of approximately $47 per share. The investigation concerns whether the Virgin Media Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Liberty Global is underpaying for Virgin Media shares, thus unlawfully harming Virgin Media stockholders.
If you own common stock in Virgin Media 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://zlk.9nl.com/virgin-media-vmed/.
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.
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
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