Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of SumTotal Systems Inc.


NEW YORK, April 24, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of SumTotal Systems Inc. ("SumTotal" or the "Company") (Nasdaq:SUMT) arising out of their attempt to sell the Company to Accel-KKR for $3.80 per share. The transaction is unfair given that, among other things, the Company's shares traded as high as $4.60 per share as recently as October 2008, the Company has more than $1.50 per share in cash and the median share price target set by analysts is $4.50. If you own common stock in SumTotal and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/sumt.html

L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.



            

Tags


Contact Data