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Levi & Korsinsky, LLP Launches an Investigation into the Board of Microfluidics

International Corporation
Levi & Korsinsky is investigating the Board of Directors of Microfluidics Intern
ational Corporation (“Microfluidics” or the “Company”) (OTC: MFLU) for possible breaches
of fiduciary duty and other violations of state law in connection with the sale
of the Company to a subsidiary of IDEX Corporation (“IDEX”) (NYSE: IEX).
New York, NY, January 12, 2011 -- Levi & Korsinsky is investigating the Board of
Directors of Microfluidics International Corporation (“Microfluidics” or the “Company”)
(OTC: MFLU) for possible breaches of fiduciary duty and other violations of sta
te law in connection with the sale of the Company to a subsidiary of IDEX Corpor
ation (“IDEX”) (NYSE: IEX). Under the terms of the transaction, Microfluidics shareh
olders will receive $1.35 cash per share of Micofluidics stock they own.
The investigation concerns whether the Microfluidics Board of Directors breached
their fiduciary duties to Microfluidics stockholders by failing to adequately s
hop the Company before entering into this transaction and whether IDEX is underp
aying for Microfluidics shares, thus unlawfully harming Microfluidics stockholde
rs. In addition, Irwin Gruverman, the founder and a major shareholder of Microfl
uidics, as well as each of Microfluidics’ directors and executive officers, have a
greed to tender their shares in the offer; these stockholders own shares represe
nting approximately 16% of the outstanding shares of Microfluidics at December 3
1, 2010.
If you own common stock in Microfluidics and wish to obtain additional informati
on, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.
com/microfluidics-mflu.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and
extensive experience in actions involving financial fraud and represents invest
ors throughout the nation, concentrating its practice in securities and sharehol
der litigation. The attorneys at Levi & Korsinsky have been appointed by numerou
s courts throughout the country to serve as lead counsel on behalf of shareholde
rs in major litigations involving mergers and acquisitions. For more information
, please feel free to contact any of the attorneys listed below. Attorney advert
ising. Prior results do not guarantee similar outcomes.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Br
oad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (87
7) 363-5972, Fax: (212) 363-7171, www.zlk.com
Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

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