NEW YORK, Jan. 28, 2011 (GLOBE NEWSWIRE) -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Terremark Worldwide, Inc. ("Terremark" or the "Company") (Nasdaq:TMRK) concerning possible breaches of fiduciary duty and other violations of law related to the proposed buyout of Terremark by Verizon Communications, Inc. in a transaction valued at approximately $1.4 billion.
Under the terms of the proposed transaction, Terremark shareholders are to receive $19.00 in cash for each share they own of the Company's common stock. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Terremark.
If you own shares of Terremark and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Samuel K. Rosen, Esq. toll free at (877) 935-7400 or to sign up online, visit www.hfesq.com. You may also email Mr. Rosen at srosen@hfesq.com. For more information about class action cases in general, please visit our website: www.hfesq.com.
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