SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

August 08, 2011 17:49 ET

The Law Firm of Levi & Korsinsky, LLP Notifies Shareholders of Claims of Breaches of Fiduciary Duty by the Board of Emdeon Inc. in Connection With the Sale of Company to Blackstone Capital Partners VI L.P.

NEW YORK, NY--(Marketwire - Aug 8, 2011) - Levi & Korsinsky notifies shareholders of Emdeon Inc. ("Emdeon" or the "Company") (NYSE: EM) of claims 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 Blackstone Capital Partners VI L.P. Under the terms of the transaction, Emdeon shareholders will receive $19.00 in cash for each share of Emdeon common stock they own. The transaction has a total approximate value of $3 billion. Shareholders General Atlantic and Hellman & Freidman have agreed to tender their shares, which represent approximately 70% of the Company's outstanding shares. A complaint was filed in Delaware state court.

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

The claims concern whether the Emdeon Board of Directors breached their fiduciary duties to Emdeon stockholders by failing to adequately shop the Company before entering into this transaction and whether Blackstone Capital Partners VI L.P. is underpaying for Emdeon shares, thus unlawfully harming Emdeon stockholders. In particular, at least one analyst set a price target of $21.00 per Emdeon share.

If you own common stock in Emdeon 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 http://www.zlk.com/emdeon-em.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