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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fortunet (MM) | NASDAQ:FNET | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.23 | 0 | 01:00:00 |
Levi & Korsinsky is investigating potential claims on behalf of the shareholders of FortuNet, Inc. (“FortuNet” or the “Company”) (NasdaqGM: FNET) arising out of the announcement that the Yuri Itkis Gaming Trust of 1993 ("Trust") intends to commence a tender offer for all of the outstanding shares of common stock of the Company not already owned by the Trust at an offer price of $1.70 per share in cash. Yuri Itkis, the chairman and chief executive officer of the Company, is the sole trustee and beneficiary of the Trust that owns approximately 75% of the outstanding shares of the Company. The investigation concerns whether the $1.70 offer is fair given that the Company's shares traded as high as $3.90 as recently as September 15, 2009 and at least one analyst has a set a $6.00 price target for FortuNet shares.
If you own common stock in FortuNet and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/fnet1.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.
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