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Catapult Communications Corporation Under Investigation |
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Written by Levi & Korsinsky
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Sunday, 31 May 2009 |
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New York, New York - The law firm of Levi & Korsinsky LLP ("L&K") has initiated an investigation into the circumstances surrounding the acquisition of Catapult Communications Corporation ("Catapult" or the "Company") (Nasdaq:CATT) by Ixia (Nasdaq:XXIA). L&K is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of Catapult arising out of their agreement to sell the Company to Ixia in a transaction valued at $9.25 per share, or $105 million.
On May 26, 2009, the Company filed with the Securities and Exchange Commission a Tender-Offer Solicitation/Recommendation Statement ("Recommendation Statement") that appears to omit information necessary for a shareholder to make an informed decision regarding the tender offer, including the analyses performed by the financial advisor to the Company that were relied on by the Board of Directors in agreeing to sell the Company. If you own common stock in Catapult and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/catt.html
L&K has extensive experience in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
CONTACT: Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Juan E. Monteverde, Esq.
(212) 363-7500
Fax: (212) 363-7171
30 Broad Street - 15th Floor
New York, NY 10004
www.zlk.com |
