Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board
of Airvana, Inc.
- AIRV
Levi & Korsinsky is investigating the Board of Directors of Airvana, Inc.
(?
Airvana? or the ?Company?) (NasdaqGM: AIRV) for possible breaches of...
More
Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board
of Airvana, Inc.
- AIRV
Levi & Korsinsky is investigating the Board of Directors of Airvana, Inc.
(?
Airvana? or the ?Company?) (NasdaqGM: AIRV) for possible breaches of fiduciary duty
New York, NY, December 29, 2009 -- Levi & Korsinsky is investigating the Board of
Directors of Airvana, Inc.
(?Airvana? or the ?Company?) (NasdaqGM: AIRV) for
possible breaches of fiduciary duty and other violations of state law in connection
with their attempt to sell the Company to a company to be owned by affiliates of
S.
A.
C.
Private Capital Group, LLC, GSO Capital Partners LP, Sankaty Advisors LLC
and ZelnickMedia.
Under the terms of the transaction, Airvana shareholders will
receive $7.
65 in cash for each share they own for a total transaction value of
approximately $530 million.
The investigation concerns whether the Airvana Board of Directors breached their
fiduciary duties to Airvana shareholders given that
Less
