| Fortunet Investigation |
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December 10, 2009 |
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Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of FortuNet, Inc. (“FortuNet” or the “Company”) (NasdaqGM: FNET) arising from its majority shareholder, Yuri Itkis Gaming Trust of 1993 (“Trust”), announcing that it intends to commence a tender offer for all outstanding shares of the Company’s common stock not already owned by the Trust. The Trust is offering $1.70 per share. The investigation is focused on the potential unfairness of the offer price to FortuNet shareholders and the process by which the FortuNet Board of Directors is addressing the tender offer. The Company’s shares traded as high as $3.90 as recently as September 15, 2009 and at least one analyst has set a $6.00 target price for the Company’s shares.
If you are interested in discussing your rights as a FortuNet shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, D.C. offices at (877) 337-1050 or by email at
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