Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of XRS Corporation Stockholders
NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against XRS Corporation (“XRS” or the “Company”) (NASDAQ:XRSC) concerning the proposed acquisition of the Company by Omnitracs, LLC (“Omnitracs”). Under the terms of the definitive agreement, XRS stockholders will receive $5.60 in cash for each share of XRS common stock they own. Stockholders representing 68.1% of the voting power of the Company’s capital stock have already agreed to tender their shares.
The investigation concerns whether the XRS Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are an XRS stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at email@example.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.