BALA CYNWYD, Pa., May 21, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Pomeroy IT Solutions, Inc. ("Pomeroy" or the "Company") (Nasdaq:PMRY) relating to the proposed acquisition by Hebron LLC and Desert Mountain Acquisition Co., a wholly owned subsidiary of Hebron LLC. Hebron LLC and Desert Mountain Acquisition Co. are affiliates of David Pomeroy, the founder and a director of the Company. Mr. Pomeroy currently owns approximately 20% of the outstanding shares of the Company. Hebron LLC has agreed to acquire Pomeroy in an all cash deal valued at approximately $49 million. Under the terms of the proposed deal, Hebron LLC will pay $5.02 for each share of the Company's common stock not owned by David Pomeroy and his wife.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Company's board's approval of the proposed merger. If you own shares of Pomeroy and wish to discuss the legal ramifications of the proposed acquisition by Hebron LLC, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.