The Law Firm of Levi & Korsinsky, LLP Investigating Possible Breaches of Fiducia

ry Duty by the Board of ASRG

Levi & Korsinsky is investigating the Board of Directors of American Surgical Ho
ldings, Inc. (“American Surgical” or the “Company”) for possible breaches of fiduciary d
uty and other violations of state law in connection with the sale of the Company
to AH Holdings, Inc.
New York, NY, January 13, 2011 -- Levi & Korsinsky is investigating the Board of
Directors of American Surgical Holdings, Inc. (“American Surgical” or the “Company”) fo
r possible breaches of fiduciary duty and other violations of state law in conne
ction with the sale of the Company to AH Holdings, Inc. Under the terms of the t
ransaction, American Surgical shareholders will receive $2.87 per share in cash.
In addition, upon closing of the proposed transaction, American Surgical stockh
olders will receive an additional per share merger consideration comprised of a
final cash dividend, if any, payable by the Company and computed in accordance w
ith the definitive merger agreement and an ownership interest in CMC Associates,
LLC, a subsidiary of the Company, which will be the beneficial owner of certain
pending litigation and litigation rights. Certain members of American Surgical’s
management team will receive a 14.9% ownership interest in the buyer
The investigation concerns whether the American Surgical Board of Directors brea
ched their fiduciary duties to American Surgical stockholders by failing to adeq
uately shop the Company before entering into this transaction and whether AH Hol
dings, Inc. is underpaying for American Surgical shares, thus unlawfully harming
American Surgical stockholders.
If you own common stock in American Surgical and wish to obtain additional infor
mation, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or
by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.
zlk.com/american-surgical.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and
extensive experience in actions involving financial fraud and represents invest
ors throughout the nation, concentrating its practice in securities and sharehol
der litigation. The attorneys at Levi & Korsinsky have been appointed by numerou
s courts throughout the country to serve as lead counsel on behalf of shareholde
rs in major litigations involving mergers and acquisitions. For more information
, please feel free to contact any of the attorneys listed below. Attorney advert
ising. Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Br
oad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (87
7) 363-5972, Fax: (212) 363-7171, www.zlk.com
Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-5972
jchlebus@zlk.com
http://www.zlk.com