2008-12-01 21:54:35 - A law firm is on behalf Image Entertainment, Inc. (NASDAQ:DISK) investors investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Image Entertainment Inc.

According to a press release a law firm is currently on behalf Image Entertainment, Inc. (NASDAQ:DISK) Investors investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Image Entertainment Inc. over proposed acquisition of Image Entertainment Inc. by Nyx Acquisitions, Inc.
If you currently own Image Entertainment, Inc. (NASDAQ:DISK) shares, or have information

relating to this investigation of the law firm, you should contact the Shareholders Foundation, Inc. immediately! Email: Mail(at)ShareholdersFoundation.com or call us today: +1-(858)-779-1554. According to the press release the investigation focused on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of Image Entertainment, Inc. arising out of their attempt to sell the Image Entertainment, Inc. (NASDAQ:DISK) 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. According to the investigation the price is unfair given that the Image Entertainment, Inc.'s stock (NASDAQ:DISK) traded as high as $3.64 as recently as January 2, 2008.