SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 02, 2011 13:18 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Shareholders of Claims of Breaches of Fiduciary Duty by the Board of Conmed Healthcare Management, Inc. in Connection With the Sale of Company to Ayelet Investments LLC

NEW YORK, NY--(Marketwire - Aug 2, 2011) - Levi & Korsinsky notifies investors of Conmed Healthcare Management, Inc. ("Conmed Healthcare" or the "Company") (NYSE Amex: CONM) 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 Ayelet Investments LLC. Under the terms of the transaction, Conmed Healthcare shareholders will receive $3.85 per share of Conmed Healthcare stock they own. The transaction has a total approximate value of $57.2 million. A complaint was filed in Maryland state court.

Click here to learn how to join the action: http://zlk.9nl.com/conmed, or call: 877-363-5972.

The claims concern whether the Conmed Healthcare Board of Directors breached their fiduciary duties to Conmed Healthcare stockholders by failing to adequately shop the Company before entering into this transaction and whether Ayelet Investments LLC is underpaying for Conmed Healthcare shares, thus unlawfully harming Conmed Healthcare stockholders. In particular, at least one analyst set a price target for Conmed Healthcare at $5.00 per share.

If you own common stock in Conmed Healthcare 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, or visit http://www.zlk.com/conmed-healthcare-conm.html.

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm 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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. 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