Shareholder Alert: Levi & Korsinsky, LLP Launches an Investigation into the Boar

d of NightHawk Radiology Holdings, Inc.

Levi & Korsinsky is investigating the Board of Directors of NightHawk Radiology
Holdings, Inc. (“NightHawk” or the “Company”) (NasdaqGM: NHWK) for possible breaches of
fiduciary duty and other violations of state law in connection with their attemp
t to sell the Company to Virtual Radiologic Corporation.
New York, NY, September 28, 2010 -- Levi & Korsinsky is investigating the Board
of Directors of NightHawk Radiology Holdings, Inc. (“NightHawk” or the “Company”) (Nasda
qGM: NHWK) for possible breaches of fiduciary duty and other violations of state
law in connection with their attempt to sell the Company to Virtual Radiologic
Corporation. Under the terms of the transaction, NightHawk shareholders will rec
eive $6.50 in cash for each share of NightHawk common stock they own for a total
transaction value of approximately $170 million. Click here to learn how to joi
n the action: http://www.zlk.com/nighthawk-nhwk.html, or call: 877-363-5972.
The investigation concerns whether the NightHawk Board of Directors breached the
ir fiduciary duties to NightHawk stockholders by failing to adequately shop the
Company before entering into this transaction and whether Virtual Radiologic is
underpaying for NightHawk shares, thus unlawfully harming NightHawk stockholders
. The Company is one of the leading providers of overnight and off hour radiolog
y services for hospitals, clinics and imaging centers and has recently reported
improved financial results. For example, as recently as August 5, 2010, the Comp
any reported Second Quarter 2010 Earnings of $0.10 per share, 3 cents better tha
n the analyst estimates of $0.07 per share. Revenue for that quarter was $38.8 m
illion, which compares to the estimates of $38.28 million. Our investigation foc
uses on whether the Board took into account NightHawk’s improving financial condit
ion when agreeing to sell the Company.
If you own common stock in NightHawk and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by tele
phone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/
nighthawk-nhwk.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.
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:
Jared Morine
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
jmorine@zlk.com
http://www.zlk.com