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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of I-Flow Corporation


  • Press Release
  • Source: Law Offices of Howard G. Smith
  • On 3:39 pm EDT, Friday October 9, 2009

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of I-Flow Corporation (“I-Flow” or the “Company”) (Nasdaq:IFLO - News), related to the Company’s agreement to be acquired by Kimberly-Clark Corporation (“Kimberly-Clark”) in an all-cash transaction valued at approximately $276 million.

Related Quotes

SymbolPriceChange
IFLO12.640.00
Chart for I-Flow Corporation
{"s" : "iflo","k" : "c10,l10,p20,t10","o" : "","j" : ""}

Under the terms of the definitive agreement entered into by the parties, Kimberly-Clark will commence a tender offer to purchase all outstanding shares of I-Flow at $12.65 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to approval of the transaction by the I-Flow board of directors.

If you own shares of I-Flow Corporation, if you have information or would like to learn more about these claims, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com

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