NEW YORK, May 26, 2009 (GLOBE NEWSWIRE) -- The law firm of Levi & Korsinsky LLP ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Logility, Inc. ("Logility" or the "Company") (Nasdaq:LGTY) arising out of their attempt to sell the Company to American Software Inc. Under the terms of the agreement, Logility shareholders will receive $7.02 in cash and for each share of Logility they own. The transaction appears to be unfair because Logility shares traded as high as $7.20 as recently as September 16, 2008 and an analyst set a $10.40 price for Logility shares. Furthermore, American Software already owns an 88 percent stake in Logility so the transaction appears to be a foregone conclusion. If you own common stock in Logility and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/lgty1.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.