The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Virgin Media, Inc. in Connection with the Sale of the Company to Liberty Global Inc.
Levi & Korsinsky is investigating the Board of Directors of Virgin
Media, Inc. (“Virgin Media” or the “Company”) (NasdaqGS: VMED) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Liberty Global Inc. (“Liberty
Global”) (NasdaqGS: LBTYA).
Under the terms of the transaction, Virgin Media shareholders will
receive $17.50 in cash, 0.2582 of a Liberty Global Class A share, and
0.1928 of a Liberty Global Class C share for each share of Virgin Media
stock they own, representing a value of approximately $47 per share. The
investigation concerns whether the Virgin Media Board of Directors
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Liberty Global is underpaying for Virgin Media shares, thus unlawfully
harming Virgin Media stockholders.
If you own common stock in Virgin Media and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/virgin-media-vmed/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. 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 securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. / Eduard Korsinsky, Esq. 212-363-7500 Toll
Free: 877-363-5972 Fax: 866-367-6510 www.zlk.com