Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of Allion Healthcare, Inc.

• Press Release
• Source: Law Offices of Howard G. Smith
• On 12:00 pm EDT, Wednesday October 28, 2009

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating whether Allion Healthcare, Inc.'s ("Allion" or the "Company") (NASDAQ: ALLI - News) directors complied with their fiduciary duties in approving the proposed buyout of Allion by H.I.G. Capital, LLC.

Related Quotes

Symbol	Price	Change
ALLI	6.47	-0.02

{"s" : "alli","k" : "c10,l10,p20,t10","o" : "","j" : ""}

Under the proposed agreement, Allion shareholders will receive $6.60 for every share of Allion common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Allion board`s approval of the proposed merger. The investigation focuses on whether the deal is fair to Allison shareholders. Upon further review, the deal seems to be unfair to Allison shareholders given that the stock traded above the proposed offer price of $6.60 as recently as September 10, 2009 when the stock closed at $7.02 per share.

If you own shares of Allison, 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 visit www.howardsmithlaw.com. You may also email my firm at howardsmith@howardsmithlaw.com.

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