Investigation On Behalf Of Image Entertainment, Inc. (NASDAQ:DISK) Investors By A Law Firm Concerning Potential Breach of Fiduciary Duty By The Board Of Image Entertainment Inc. Announced
Investigation Announced - Contact the Shareholders Foundation, Inc at Mail@ShareholdersFoundation.com Or Go To www.ShareholdersFoundation.com To Find Out More
According to a press release a law firm is currently on behalf Image Entertainment, Inc. (NASDAQ:DISK) Investors investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Image Entertainment Inc. over proposed acquisition of Image Entertainment Inc. by Nyx Acquisitions, Inc.
If you currently own Image Entertainment, Inc. (NASDAQ:DISK) shares, or have information relating to this investigation of the law firm, you should contact the Shareholders Foundation, Inc. immediately!
Shareholders Foundation, Inc.
3111 Camino del Rio North
– Suite 423 –
San Diego, CA 92108
Fax: +1-(858)-605-5739(Facsimile)
According to the press release the investigation focused on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Image Entertainment, Inc. arising out of their attempt to sell the Image Entertainment, Inc. (NASDAQ:DISK) to Nyx Acquisitions, Inc. Under the terms of the agreement, Image shareholders will receive $2.75 for each share of Image stock they own for a total deal value of approximately $100 million, including debt. According to the investigation the price is unfair given that the Image Entertainment, Inc.’s stock (NASDAQ:DISK) traded as high as $3.64 as recently as January 2, 2008.
If you currently own Image Entertainment, Inc. (NASDAQ:DISK) shares, or have information relating to this investigation of the law firm, you should contact the Shareholders Foundation, Inc. immediately!
Shareholders Foundation, Inc.
Allen Trevor
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739 Mail@ShareholdersFoundation.com www.ShareholdersFoundation.com
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