|[March 01, 2013]
AutoInfo Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP for Potential Breaches of Fiduciary Duty
LOS ANGELES --(Business Wire)--
Glancy Binkow & Goldberg LLP announces that it is investigating
potential claims against the Board of Directors of AutoInfo Inc.
("AutoInfo" or the "Company") (OTCBB: AUTO) related to the proposed
acquisition of the Company by AutoInfo Holdings, LLC, a subsidiary of
Comvest Partners. The transaction values AutoInfo shares at
This investigation concerns whether the Board of Directors of AutoInfo
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all materil information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $0.490 on August 9,
2011 to $0.989 on January 8, 2013.
If you are a shareholder of AutoInfo, if you have information or would
like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East,
Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150 or
Toll Free at (888) 773-9224 or by email to email@example.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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