Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Health Fitness Corp. – FIT
Levi & Korsinsky is investigating the Board of Directors of Health Fitness Corp. (“Health Fitness” or the “Company”) (AMEX: FIT) for possible breaches of fiduciary duty
New York, NY, January 27, 2010 — Levi & Korsinsky is investigating the Board of Directors of Health Fitness Corp. (“Health Fitness” or the “Company”) (AMEX: FIT) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Trustmark Mutual Holding Company (“Trustmark”). Under the terms of the transaction, Health Fitness shareholders are to receive $8.78 in cash for each share of common stock they own for total transaction value of approximately $97 million.
The investigation concerns whether the Health Fitness Board of Directors breached their fiduciary duties to Health Fitness stockholders by failing to adequately shop the Company before entering into this transaction and whether Trustmark is underpaying for Health Fitness shares, thus unlawfully harming Health Fitness stockholders.
If you are a current holder of Health Fitness and would like additional information, please contact us at the number listed below or visit http://www.zlk.com/fit1.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., 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Fax: (212) 363-7171, www.zlk.com
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Contact :
Joseph Levi, Esq
Levi & Korsinsky, LLP
New York, NY 10004
(212) 363-7500
info@zlk.com
http://www.zlk.com