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NEW YORK, Nov. 12, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of World Energy Solutions, Inc. ("World Energy" or "the Company") (Nasdaq: XWES) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to EnerNOC, Inc. (Nasdaq: ENOC). A complaint was filed in Delaware state court.
Click here to learn more about the investigation: http://zlk.9nl.com/world-energy-solutions-xwes.
Under the terms of the transaction, World Energy shareholders will receive $5.50 for each share of World Energy stock they own. The claims concern whether the Board of World Energy breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether EnerNOC, Inc. is underpaying for World Energy shares. In particular, at least one analyst set a price target of $7.00 per share of World Energy.
If you own World Energy common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/world-energy-solutions-xwes.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
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