Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Allion Healthcare, Inc. - ALLI

NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Allion Healthcare, Inc. (“Allion” or the “Company”) (NasdaqGM: ALLI) for possible breaches of fiduciary duty and other violations of state law in connection with the announced going-private transaction. Under the terms of the transaction, H.I.G. Capital, LLC will pay Allion shareholders $6.60 in cash for each share of Allion common stock they own for a total transaction value of approximately $278 million, including the assumption or repayment of approximately $79 million of debt.

The investigation concerns whether the Allion Board of Directors breached their fiduciary duties to Allion shareholders given that (i) the Company's shares traded at $7.74 as recently as July 31, 2009; (ii) the Company has a book value of $6.62 a share; and (iii) the median price target for Allion stock set by analysts is $9.00 per share with at least one analyst setting a $10.00 per share price target.

If you own common stock in Allion and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/alli1.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.