|By Marketwired .||
|July 2, 2014 06:47 PM EDT||
NEW YORK, NY -- (Marketwired) -- 07/02/14 -- Levi & Korsinsky notifies investors of Medical Action Industries Inc. ("Medical Action" or "the Company") (NASDAQ: MDCI) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Owens & Minor, Inc. (NYSE: OMI). A complaint was filed in New York state court.
Click here to learn more about the investigation: http://zlk.9nl.com/medical-action-mdci, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Medical Action shareholders will receive $13.80 in cash for each share of Medical Action stock they own. The claims concern whether the Board of Medical Action breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Owens & Minor, Inc. is underpaying for Medical Action shares.
If you own Medical Action common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/medical-action-mdci.
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. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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