openPR Logo
Press release

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Board of Matrixx Intiatives, Inc.

01-14-2011 03:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of Matrixx Initiatives (“Matrixx” or the “Company”) (NASDAQ:MTXX) for possible breaches of fiduciary duty and other violations of state law in connection with the proposal from HIG Capital, LLC. (“HIG”) to acquire all outstanding shares of Matrixx.

New York, NY, January 14, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Matrixx Initiatives (“Matrixx” or the “Company”) (NASDAQ:MTXX) for possible breaches of fiduciary duty and other violations of state law in connection with the proposal from H.I.G. Capital, LLC. (“H.I.G.”) to acquire all outstanding shares of Matrixx. Under the terms of the transaction, Matrixx shareholders will receive $8.00 per share in cash for a total transaction value of approximately $75.2 million. Click here to learn how to join the action: http://www.zlk.com/matrixx-mtxx.html, or call: 877-363-5972.

The investigation concerns whether the Matrixx Board of Directors breached their fiduciary duties to Matrixx stockholders by failing to adequately shop the Company before entering into this transaction and whether H.I.G. is underpaying for Matrixx shares. In particular, at least one analyst set a price target for Matrixx stock at $8.50.

If you own common stock in Matrixx 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/matrixx-mtxx.html.

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

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:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Board of Matrixx Intiatives, Inc. here

News-ID: 158538 • Views: 993

More Releases from Levi & Korsinsky, LLP

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Se …
Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of China Automotive Systems, Inc. (“China Automotive” or the “Company”) (Nasdaq: CAAS) concerning possible violations of federal securities laws. New York, NY, March 24, 2011 -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of China Automotive Systems, Inc. (“China Automotive” or the “Company”) (Nasdaq: CAAS) concerning possible violations of federal
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Vi …
Levi & Korsinsky, LLP is investigating TETRA Technologies, Inc. (NYSE: TTI), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming May 3, 2011 shareholder vote. New York, NY, March 23, 2011 -- Levi & Korsinsky, LLP is investigating TETRA Technologies, Inc. (NYSE: TTI), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming May 3, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Vi …
Levi & Korsinsky, LLP is investigating Cincinnati Financial Corporation (“Cincinnati Financial” or the “Company”) (NASDAQ: CINF), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming April 30, 2011 shareholder vote. New York, NY, March 22, 2011 -- Levi & Korsinsky, LLP is investigating Cincinnati Financial Corporation (“Cincinnati Financial” or the “Company”) (NASDAQ: CINF), and its Board of Directors, for possible violations of federal
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Se …
Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Kid Brands, Inc. (NYSE: KID) concerning possible violations of federal securities laws. New York, NY, March 22, 2011 -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Kid Brands, Inc. (NYSE: KID) concerning possible violations of federal securities laws. On March 15, 2011, Kid Brands announced it would delay the

All 5 Releases


More Releases for Matrixx

Generic Allergy Medicine Market Study Navigating the Future Growth Outlook Sanof …
The Generic Allergy Medicine Market is driving due growing advancements in the pharmaceutical industry, along with the growing number of allergies, cold, and cough. Moreover, demand for over-the-counter (OTC) allergy medicine has steadily increased, which will also help to promote the growth of the market. Leading Generic Allergy Medicine Market Players: Sanofi, Chattem, Matrixx Initiatives, Johnson And Johnson, Pfizer, Bayer, Mylan Pharmaceuticals, GSK, Astrazeneca, Astellas Pharma Get Sample Copy of this Report
Digital Business Support System Market Future Trends, Revenue Growth, Profitabil …
A latest study released by HTF MI on Global Digital Business Support System Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Digital Business Support System market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging
Vegetable Shortening Sales Market 2019 | Global Industry Overview 2025 | Top Com …
As per the latest research study published by Up Market Research, “Global Vegetable Shortening Sales Market” is estimated to grow at a healthy CAGR % in the coming years. The research report showcases qualitative and quantitative estimations by the industry analysts. The report documents first-hand data, post verification from the industry experts along with each industry manufacturers by the market valuation. Vegetable Shortening Sales Market report also gives an extensive
Global Allergy Medicine Market 2018 Top Players are: Sanofi, Johnson & Johnson, …
The report on the global Allergy Medicine market offers complete data on the Allergy Medicine market. Components, for example, main players, analysis, size, situation of the business, SWOT analysis, and best patterns in the market are included in the report. In addition to this, the report sports numbers, tables, and charts that offer a clear viewpoint of the Allergy Medicine market. The top contenders Sanofi, Johnson & Johnson, Bayer, Matrixx
Allergy Medicine Global Market 2018: Key Players – Sanofi, Johnson & Johnson, …
Allergy Medicine Industry Description Wiseguyreports.Com Adds “Allergy Medicine -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report studies the global Allergy Medicine market status and forecast, categorizes the global Allergy Medicine market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers
Vegetable Shortening: Market 2018 Segmented by Manufacturers (Hain Celestial, Ve …
An exclusive Vegetable Shortening market research report created through broad primary research (inputs from industry experts, companies, and stakeholders) and secondary research, the report aims to present the analysis of Global Vegetable Shortening Market By Type, By Application, By Region - North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report