The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of American Dental Partners, Inc. in Connection with the Sale of the Company to JLL Partners, Inc.
NEW YORK, Nov. 7, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of American Dental Partners, Inc. ("American Dental" or the "Company") (NASDAQ: ADPI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to funds affiliated with JLL Partners, Inc. Under the terms of the transaction American Dental shareholders will receive $19.00 per share of American Dental stock they own. The transaction has a total approximate value of $398 million, including $81 million in outstanding debt.
Click here to learn how to join the action: http://www.zlk.com/american-dental-partners-adpi, or call: 877-363-5972.
The investigation concerns whether the American Dental Board of Directors breached their fiduciary duties to American Dental stockholders by failing to adequately shop the Company before entering into this transaction and whether JLL Partners, Inc. is underpaying for American Dental shares, thus unlawfully harming American Dental stockholders.
If you own common stock in American Dental 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, 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.
CONTACT:
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
www.zlk.com
SOURCE Levi & Korsinsky
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