The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of InfoLogix, Inc. in Connection with Sale of Company to Stanley Black & Decker –IFLG.PK

The Law Office of Abe Shainberg is investigating InfoLogix, Inc. (OTC: IFLG.PK) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Stanley Black & Decker (“NYSE: SWK”). Under the terms of the proposed deal, InfoLogix shareholders will receive $4.75 in cash for each share of InfoLogix common stock they own for a total transaction value of approximately $61.2 million, including the assumption of debt.

The investigation concerns whether the InfoLogix Board of Directors breached their fiduciary duties to InfoLogix stockholders by failing to adequately shop the Company before entering into this transaction and whether Stanley is underpaying for InfoLogix shares, thus unlawfully harming InfoLogix stockholders. InfoLogix stock has traded as high as $5.10 per share as recently as September 15, 2010. Also, InfoLogix’s majority shareholders, Hercules Technology Growth Capital, Inc. and Hercules Technology I, LLC, which collectively own approximately 66.4% of InfoLogix common stock, have agreed to vote its shares in favor of the deal.

If you own common stock in InfoLogix and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/info-logix-iflp.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.