Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of i2 Technologies, Inc. - ITWO
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NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of i2 Technologies, Inc. ("i2" or the "Company") (NasdaqGS: ITWO) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to JDA Software Group Inc ("JDA") (NasdaqGS: JDAS). Under the terms of the agreement, i2 shareholders will receive a combination of cash and JDA stock valued at $18 for a total transaction value of approximately $434 million.
The investigation concerns whether the i2 Board of Directors have breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether JDA is underpaying for i2 shares, thus unlawfully harming i2 stockholders.
If you own common stock in i2 and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/itwo1.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.
Source: Levi & Korsinsky, LLP
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