NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of HUGHES
Telematics, Inc. (“HTI” or the “Company”) (OTC BB: HUTC) for potential
breaches of fiduciary duties in connection with their conduct related to
the sale of the Company to Verizon Communications Inc. (NYSE: VZ) in an
all-cash deal valued at about $612 million. Under the terms of the
proposed transaction, HTI’s stockholders will receive $12.00 in cash for
each share of HTI’s common stock they own.
Request more information now by clicking here: www.faruqilaw.com/HUTC.There is no cost or obligation to you.
Whether HTI’s Board of Directors breached their fiduciary duties to the
Company’s stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues HTI’s shares and by how much this
proposed transaction undervalues the Company to the detriment of HTI’s
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
If you own common stock in HTI and wish to obtain additional information
and protect your investments free of charge, please visit us at www.faruqilaw.com/HUTC
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Contacts:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
Source: Faruqi & Faruqi, LLP
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