NEW YORK, Oct. 24, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of NTS, Inc. ("NTS" or the "Company") (NYSE MKT:NTS) 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 affiliates of Tower Three Partners LLC. A complaint was filed in Nevada state court.
Click here to learn more about the investigation http://zlk.9nl.com/nts-nts/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, NTS shareholders will receive $2.00 for each common share of NTS stock they own; the Company's CEO, Guy Nissenson, has entered into a separate agreement wherein certain of his shares will be contributed to or exchanged with an affiliate of Tower Three Partners LLC. The claims concern whether the NTS Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Tower Three Partners LLC is underpaying for NTS shares.
If you own NTS common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/nts-nts/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm has 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: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP