Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of I-Flow Corp. - IFLO

• Press Release
• Source: Levi & Korsinsky
• On 10:10 am EDT, Monday October 12, 2009

NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of I-Flow Corp. (“I-Flow” or the “Company”) (NasdaqGM: IFLO - News) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Kimberly-Clark Corp. Under the terms of the agreement, I-Flow shareholders will receive $12.65 in cash for each share of I-Flow common stock they own for a total transaction value of approximately $276 million.

Related Quotes

Symbol	Price	Change
IFLO	12.64	0.00

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

The investigation concerns whether the I-Flow Board of Directors breached their fiduciary duties to I-Flow shareholders by agreeing to sell the Company at an unfair price given that the Company's shares traded at $12.95 as recently as October 2, 2009 and that the Board agreed to a no-solicitation provision and a $12,836,000 termination fee that will all but ensure that no superior offer will ever be forthcoming.

If you own common stock in I-Flow and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/iflo1.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.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
212-363-7500
Fax: 212-363-7171
www.zlk.com