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

September 29, 2009 4:13 PM EDT

NEW YORK, Sept. 29, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Aspect Medical Systems, Inc. ("Aspect Medical" or the "Company") (Nasdaq: ASPM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Covidian PLC (NYSE: COV). Under the terms of the agreement, Aspect Medical shareholders will receive $12.00 in cash for each share of Aspect Medical common stock they own.

For the year ending December 31, 2008, the Company reported $11.1 million in net income as compared to $2.2 million for the year ended December 31, 2007. The investigation concerns whether the Aspect Medical Board of Directors breached their fiduciary duties to Aspect Medical shareholders by agreeing to sell the Company at an unfair price and by agreeing to a no solicitation provision and an $8 million termination fee that will all but ensure that no superior offer will ever be forthcoming.

If you own common stock in Aspect Medical and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/aspm1.html.

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

CONTACT:  Levi & Korsinsky, LLP
          Joseph Levi, Esq.
          Eduard Korsinsky, Esq.
          (212) 363-7500
          Fax: (212) 363-7171
          www.zlk.com
          30 Broad Street - 15th Floor, New York, NY 10004

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