Allion Healthcare, Inc. Shareholder Alert: Lawsuit

An broker in Allion Healthcare shares filed a accusation in the Supreme Court of Suffolk County, New York on account of accepted investors Allion Healthcare, Inc. (Public, NASDAQ:ALLI), who purchased the shares afore October 19, 2009, over declared breaches of fiduciary assignment law in affiliation with an declared arbitrary takeover amount were announced.

Those who currently are investors in shares of Allion Healthcare, Inc. (Public, NASDAQ:ALLI), and purchased the shares afore October 19, 2009, and / or accept added advice apropos to the investigation, should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554. According to the complaint the plaintiff alleges breaches of fiduciary assignment arising out of the attack to advertise Allion Healthcare, Inc. (NasdaqGM: ALLI) to an accessory of H.I.G. Capital, LLC. The plaintiff alleges, a allotment of added things, that the amount to be paid to shareholders of Allion Healthcare accepted banal is “unfair” because the aggregation is “poised for growth” and its shares are trading at a “huge abatement to its built-in value”, as able-bodied as that the acceding contains a “no shop” accouterment prohibiting the associates of Allion Healthcare’s axle from soliciting aggressive proposals. On October 19, 2009 Allion Healthcare Inc. (ALLI) appear that it has agreed to be acquired by an accessory of H.I.G. Capital, LLC, in a transaction admired at about $278 million. Under accord terms, Allion stockholders would accept $6.60 per allotment in cash, apery a exceptional of 30.2% over Allion's boilerplate allotment amount for the 5 trading canicule above-mentioned to the beheading and accessible advertisement of the transaction. According to a antecedent analysis by a law close “the transaction appears to be unfair” to accepted investors of Allion Healthcare, Inc. (Public, NASDAQ:ALLI) because the “offer to acquirement Allion Healthcare, Inc. (ALLI) at $6.60 per allotment appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn”. The analysis “concerns whether the Allion Healthcare Board of Directors breached their fiduciary duties to ALLI shareholders by accordant to advertise the Company at an arbitrary amount thereby harming ALLI shareholders”, “whether the admiral of Allion Healthcare may accept breached their fiduciary duties by not acting in ALLI shareholders' best interests in affiliation with the auction action of Allion Healthcare Inc.”, and “the Company may not accept abundantly shopped itself about afore entering into this transaction and, pursuant to this proposed transaction, may be the accessory of H.I.G. Capital, LLC underpaying for Allion Healthcare, In., appropriately unlawfully harming ALLI shareholders”. Thus the analysis apropos “whether the Allion Board of Directors breached their fiduciary duties to Allion shareholders accustomed that (i) the Company's shares traded at $7.74 as afresh as July 31, 2009; (ii) the Company has a book amount of $6.62 a share; and (iii) the average amount ambition for Allion banal set by analysts is $9.00 per allotment with at atomic one analyst ambience a $10.00 per allotment amount target.”