NEW YORK, April 17, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of InFocus Corporation ("InFocus" or the "Company") (Nasdaq:INFS) arising out of their attempt to sell the Company to Image Holdings Corporation. Under the terms of the proposal, InFocus shareholders will receive $0.95 for every InFocus share they own. The transaction is unfair given that, among other things, the Company's shares traded above $1.30 per share as recently as October 2008, the Company has more than $0.41 per share in cash and has a book value in excess of $1.26.
If you own common stock in InFocus and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/infs.html
L&K 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.