Investigation of Potential Action on Behalf of Lumos Networks Corp. (Nasdaq: LMOS)
Kessler Topaz Meltzer & Check, LLP is investigating a potential shareholder action on behalf of current shareholders of Lumos Networks Corp. (“Lumos”).
About Lumos Networks Corp.
Lumos, through its subsidiaries, provides fiber-based bandwidth infrastructure and service in the Mid-Atlantic region.
Alleged Wrongful Conduct
Kessler Topaz Meltzer & Check, LLP is investigating potential breaches of fiduciary duties by members of Lumos’ Board of Directors, which may have caused harm to the company and its shareholders.
Specifically, on February 20, 2017, Lumos announced that it had signed an agreement to be acquired by affiliates of EQT Partners Inc., a private equity firm, for $18.00 per share in cash. Our investigation concerns whether Lumos’ Board of Directors fulfilled its fiduciary duties to obtain full and fair consideration for the company’s stockholders and is properly disclosing all material information about the transaction.
If you currently own shares of Lumos Networks Corp. (Nasdaq: LMOS) and would like to learn more about our investigation, please fill out our online form or contact us today at 888-299-7706 or email@example.com.