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Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Allion Healthcare, Inc. - ALLI

Posted on: Mon, 19 Oct 2009 13:05:00 EDT

Symbols: ALLI

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NEW YORK, Oct 19, 2009 (BUSINESS WIRE) --
ALLI | Quote | Chart | News | PowerRating -- Levi & Korsinsky is investigating the Board of Directors of Allion
Healthcare, Inc. ("Allion" or the "Company") (NasdaqGM: ALLI | Quote | Chart | News | PowerRating) for
possible breaches of fiduciary duty and other violations of state law in
connection with the announced going-private transaction. Under the terms
of the transaction, H.I.G. Capital, LLC will pay Allion shareholders
$6.60 in cash for each share of Allion common stock they own for a total
transaction value of approximately $278 million, including the
assumption or repayment of approximately $79 million of debt.

The investigation concerns whether the Allion Board of Directors
breached their fiduciary duties to Allion shareholders given that (i)
the Company's shares traded at $7.74 as recently as July 31, 2009; (ii)
the Company has a book value of $6.62 a share; and (iii) the median
price target for Allion stock set by analysts is $9.00 per share with at
least one analyst setting a $10.00 per share price target.

If you own common stock in Allion and wish to obtain additional
information, please contact us at the number listed below or visit http://www.zlk.com/alli1.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.

SOURCE: Levi & Korsinsky


Levi & Korsinsky, LLP 
Joseph Levi, Esq. 
Eduard Korsinsky, Esq. 
30 Broad Street - 15th Floor 
New York, NY 10004 
Tel: (212) 363-7500 
Fax: (212) 363-7171 
www.zlk.com

For full details on Allion Healthcare Inc (ALLI) ALLI. Allion Healthcare Inc (ALLI) has Short Term PowerRatings at TradingMarkets. Details on Allion Healthcare Inc (ALLI) Short Term PowerRatings is available at This Link.

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