SOURCE: Levi & Korsinsky, LLP
NEW YORK, NY--(Marketwired - Apr 19, 2013) - Levi & Korsinsky notifies investors of MakeMusic, Inc. ("MakeMusic" or the "Company") (NASDAQ: MMUS) 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 LaunchEquity Acquisition Partners, LLC Designated Series Education Partners ("LEAP"), an affiliate of LaunchEquity Partners, LLC. A complaint was filed in Minnesota state court.
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Under the terms of the transaction, MakeMusic shareholders will receive $4.85 per share of MakeMusic stock they own. LEAP currently owns approximately 27% of the Company's outstanding common stock. The claims concern whether the MakeMusic Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether LEAP is underpaying for MakeMusic shares, thus unlawfully harming MakeMusic stockholders.
If you own common stock in MakeMusic 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 http://zlk.9nl.com/makemusic-mmus/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, 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. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.