Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Lance, Inc. - LNCE
Levi & Korsinsky is investigating the Board of Directors of Lance, Inc. for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Snyder's of Hanover.
- New York, NY (1888PressRelease) July 28, 2010 - Levi & Korsinsky is investigating the Board of Directors of Lance, Inc. ("Lance" or the "Company") (NasdaqGS: LNCE) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Snyder's of Hanover ("Snyder's"). Under the terms of the transaction, Lance shareholders will receive a one-time payout of $3.75 in the form of a special cash dividend.
The investigation concerns whether the Lance Board of Directors breached their fiduciary duties to Lance stockholders by failing to adequately shop the Company before entering into this transaction and whether Snyder's is underpaying for Lance shares, thus unlawfully harming Lance stockholders.
If you own common stock in Lance and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi ( @ ) zlk dot com or by telephone at (212) 363-7500 or visit http://www dot zlk dot com/contactus dot html dot
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.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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