Holzer holzer & fistel, llc announces investigation into potential
claims for breaches of fiduciary duty by certain officers and directors
of saic, inc.
Atlanta--(business wire)--holzer holzer & fistel, llc announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of saic, inc. (“saic” or the “company”) (nyse: sai). on february 23, 2012, a class action lawsuit was filed in the united states district court for the southern district of new york alleging that saic violated the federal securities laws between april 11, 2007 and september 1, 2011 (the “class period”). the lawsuit alleges, among other things, that saic overbilled new york city by hundreds of millions of dollars in connection with the citytime project. holzer holzer & fistel, llc’s investigation seeks to determine if the allegations contained in the class action complaint also give rise to the separate claims against the board of directors for breaches of fiduciary duty, which could be enforced on behalf of the company through shareholder derivative litigation. if you are a long term holder of sai shares and would like to discuss your legal rights, you may contact michael i. fistel, jr., esq. or marshall p. dees, esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832. holzer holzer & fistel, llc is an atlanta, georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. more information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. holzer holzer & fistel, llc has paid for the dissemination of this promotional communication, and michael i. fistel, jr. is the attorney responsible for its content.
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