Health & Fitness
Health and Fitness
Health and Fitness
Wed, July 13, 2011
Tue, July 12, 2011 The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Conmed Healthcare Management, Inc.
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Conmed Healthcare Management, Inc. (aConmed Healthcarea or the aCompanya) (AMEX: CONM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ayelet Investments LLC. Under the terms of the transaction, Conmed Healthcare shareholders will receive $3.85 per share of Conmed Healthcare stock they own. The transaction has a total approximate value of $57.2 million.
Click here to learn how to join the action: [ http://www.zlk.com/conmed-healthcare-conm ], or call: 877-363-5972.
The investigation concerns whether the Conmed Healthcare Board of Directors breached their fiduciary duties to Conmed Healthcare stockholders by failing to adequately shop the Company before entering into this transaction and whether Ayelet Investments LLC is underpaying for Conmed Healthcare shares, thus unlawfully harming Conmed Healthcare stockholders. In particular, at least one analyst set a price target for Conmed Healthcare at $5.00 per share.
If you own common stock in Conmed Healthcare 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 visit [ 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.
