Market Overview

INVESTOR ALERT: LEVI & KORSINSKY, LLP Notifies Investors of LCA-VISION INC. of Class Action Against Its Board of Directors in Connection With the Sale of the Company to PhotoMedex, Inc. -- LCAV

Share:

NEW YORK, Feb. 21, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of LCA-Vision Inc. ("LCA" or "the Company") (Nasdaq: LCAV) 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 PhotoMedex, Inc. (Nasdaq: PHMD). A complaint was filed in Delaware state court.

Click here to learn more: http://zlk.9nl.com/lca-vision-lcav, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, LCA shareholders will receive $5.37 for each share of LCA common stock they own. The transaction has a total approximate value of $106.4 million. The claims concern whether the LCA Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether PhotoMedex, Inc. is underpaying for LCA shares. In particular, at least one analyst set a price target for LCA stock at $8.00 per share.

If you own LCA-Vision 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/lca-vision-lcav.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 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.

CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com