|[January 24, 2013]
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Telanetix, Inc. in Connection with the Sale of the Company to Intermedia
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Telanetix (News - Alert),
Inc. ("Telanetix" or the "Company") (OTC: TNIX) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Intermedia (News - Alert).
Click here to learn how to join the action: http://zlk.9nl.com/telanetix-tnix/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Telanetix shareholders will receive
$7.40 for each share of Telanetix stock they own. The transaction has
total approximate value of $55 million. The investigation concerns
whether the Telanetix Board of Directors breached their fiduciary duties
to stockholders by failing to adequaely shop the Company before
entering into this transaction and whether Intermedia is underpaying for
Telanetix shares, thus unlawfully harming Telanetix stockholders.
If you own common stock in Telanetix and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/telanetix-tnix/.
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.
30 Broad Street - 24th Floor
New York, NY 10004
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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