The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of HealthSpring, Inc. in Connection with the Sale of the Company to Cigna Corporation
NEW YORK, Oct. 24, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of HealthSpring, Inc. ("HealthSpring" or the "Company") (NYSE: HS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cigna Corporation (NYSE: CI). Under the terms of the transaction, HealthSpring shareholders will receive $55 per share of HealthSpring stock they own. The transaction has a total value of approximately $3.8 billion.
Click here to learn more about the investigation: http://zlk.9nl.com/healthspring/, or call: 877-363-5972.
The investigation concerns whether the HealthSpring Board of Directors breached their fiduciary duties to HealthSpring stockholders by failing to adequately shop the Company before entering into this transaction and whether Cigna Corporation is underpaying for HealthSpring shares, thus unlawfully harming HealthSpring stockholders.
If you own common stock in HealthSpring 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 visit http://www.zlk.com/healthspring-hs.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions 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, LLP
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