Levi & Korsinsky is investigating the Board of Directors of Move, Inc.
(“Move” or “the Company”) (NASDAQ:MOVE) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to News Corp.
Click here to learn more about the investigation: http://www.zlkdocs.com/MOVE-Info-Request-Form_ma-2236.
Under the terms of the transaction, Move shareholders will receive
$21.00 in cash for each share of Move stock they own. The investigation
concerns whether the Board of Move breached their fiduciary duties to
stockholders by failing to adequately shop the Company before agreeing
to enter into this transaction, and whether News Corp. is underpaying
for Move shares. In particular, at least one analyst set a price target
for Move stock at $23.00 per share.
If you own Move common stock 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.zlkdocs.com/MOVE-Info-Request-Form_ma-2236.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
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