Levi & Korsinsky is investigating the Board of Directors of LaserCard Corporation (“LaserCard” or the “Company”) (NasdaqGM: LCRD) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to ASSA ABLOY AB (“ASSA ABLOY”) (OTC: ASAZY.PK). Under the terms of the proposed transaction, LaserCard shareholders will receive $6.25 in cash for each share of LaserCard common stock they own for a total transaction value of approximately $80 million.
Click here to learn how to join the action: http://www.zlk.com/lasercard-lcrd.html, or call: 877-363-5972.
The investigation concerns whether the LaserCard Board of Directors breached their fiduciary duties to LaserCard stockholders by failing to adequately shop the Company before entering into this transaction and whether ASSA ABLOY is underpaying for LaserCard shares, thus unlawfully harming LaserCard stockholders. In particular, LaserCard stock has traded as high as $6.77 per share as recently as April 27, 2010.
If you own common stock in LaserCard 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 visit http://www.zlk.com/lasercard-lcrd.html.
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.