NEW YORK, Dec. 1, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of Image Entertainment Inc. ("Image" or the "Company") (Nasdaq:DISK) arising out of their attempt to sell the Company to Nyx Acquisitions Inc. Under the terms of the agreement, Image shareholders will receive $2.75 for each share of Image stock they own for a total deal value of approximately $100 million, including debt. The price is unfair given that the Company's stock traded as high as $3.64 as recently as January 2, 2008.
If you own common stock in Image and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/disk.html
Levi & Korsinsky has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.