NEW YORK, Sept. 21, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of Perot Systems Corp. ("Perot" or the "Company") (NYSE:PER) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Dell Inc. (Nasdaq:DELL). Under the terms of the agreement, Perot shareholders will receive $30 in cash for each share of Perot common stock they own for a total transaction value of approximately $3.9 billion.
For fiscal year 2008, Perot had revenues of $2.79 billion and net income of $117 million, as compared to revenues of $2.61 billion and net income of $115 million for fiscal year 2007. The investigation concerns whether the Perot Board of Directors breached their fiduciary duties to Perot shareholders by selling the Company and agreeing to a no solicitation provision and a $130 million termination fee.
If you own common stock in Perot and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/per1.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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
(212) 363-7500
Fax: (212) 363-7171
www.zlk.com
30 Broad Street - 15th Floor
New York, NY 10004
