SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

March 06, 2012 12:38 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of ATS Corporation in Connection With the Sale of the Company to Salient Federal Solutions, Inc.

NEW YORK, NY--(Marketwire - Mar 6, 2012) - Levi & Korsinsky notifies investors of ATS Corporation ("ATS" or the "Company") (NYSE: ATSC) 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 Salient Federal Solutions, Inc. Under the terms of the agreement, ATS shareholders will receive $3.20 for each share of ATS stock they own. The transaction has a total approximate value of $77 million. A complaint was filed in Delaware state court.

Click here to learn how to join the action: http://www.zlk.com/ats-corporation-atsc, or call: 877-363-5972. There is no cost or obligation to you.

The claims concern whether the ATS Board of Directors breached their fiduciary duties to ATS stockholders by failing to adequately shop the Company before entering into this transaction and whether Salient Federal Solutions, Inc. is underpaying for ATS shares, thus unlawfully harming ATS stockholders. In particular, ATS stock traded as high as $3.42 per share as recently as December 5, 2011.

If you own common stock in ATS 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, http://www.zlk.com.

Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com