Levi & Korsinsky Investigates FONAR Corporation's Board for Potential Breaches of Fiduciary Duty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
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Source: PRnewswire
- Investigation Launched: Levi & Korsinsky, LLP has initiated an investigation into potential breaches of fiduciary duty by FONAR Corporation's (NASDAQ:FONR) board, particularly regarding the approval of a management-led take-private merger in December 2025.
- Shareholder Rights Protection: The investigation aims to ensure that shareholders' rights are not compromised, allowing FONAR shareholders to learn more and submit relevant forms through the designated website.
- Legal Expertise: Levi & Korsinsky is a nationally recognized law firm with extensive experience in securities litigation, having recovered hundreds of millions of dollars for investors, demonstrating its capability in protecting shareholder interests.
- No Cost Obligation: Participation in the investigation incurs no costs for FONAR shareholders, indicating the firm's commitment to providing risk-free legal support for investors.
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About FONR
FONAR Corporation is engaged in the research, development, production and marketing of medical scanning equipment, which uses principles of Magnetic Resonance Imaging (MRI) for the detection and diagnosis of human diseases. The Company conducts its business in two segments: medical equipment and physician management and diagnostic services. Its medical equipment segment is conducted directly through the Company. Its physician management and diagnostic services segment is conducted through its subsidiary, Health Management Corporation of America (HMCA). Its signature product is the FONAR UPRIGHT Multi-Position MRI (STAND-UP MRI). HMCA provides management services, administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, hiring, maintenance service, and clerical and other non-medical personnel to medical providers engaged in diagnostic imaging. HMCA owns and operates six diagnostic imaging facilities in Florida.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
