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SAVVIS, Inc. Investor Files Lawsuit To Stop Takeover By CenturyLink

  • If you purchased shares of SAVVIS, Inc. (NASDAQ:SVVS) and currently continue to hold those NASDAQ SVVS shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

An investor in SAVVIS, Inc. (NASDAQ:SVVS) shares filed a lawsuit in State Court against the planned takeover of SAVVIS by CenturyLink Inc. According to the complaint the plaintiff alleges that the defendants breached their fiduciary duties in connection the proposed merger. On Wednesday, April 27, 2011, Savvis, Inc. (Nasdaq: SVVS) and CenturyLink, Inc. (NYSE: CTL) had announced that...

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