SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

October 25, 2013 12:33 ET

LEVI & KORSINSKY, LLP Notifies Investors of NTS, INC. of Claims of Breaches of Fiduciary Duty by Board in Connection With Sale of Company to Tower Three Partners LLC

NEW YORK, NY--(Marketwired - Oct 25, 2013) - 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 jlevi@zlk.com 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 Information

  • 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.com