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INVESTOR ALERT: Levi & Korsinsky, LLP Announces Class Action Challenging the Fairness of the Sale of Electro Rent Corporation to Platinum Equity for $13.12 Per Share - ELRC

NEW YORK, June 09, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Electro Rent Corporation (NASDAQ:ELRC) stock prior to May 31, 2016.

You are hereby notified that a class action has been commenced in California state court challenging the fairness of the sale of Electro Rent Corporation to Platinum Equity for $13.12 per share. Due to the agreement, Electro Rent will not be paying its next quarterly common stock dividend, scheduled for July 2016. Certain insiders who collectively own approximately 29% of the Company’s outstanding shares have already agreed to tender their shares. To learn more about the action and your rights, go to:

or contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

/EIN News/ -- Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
                    Joseph Levi, Esq.
                    Eduard Korsinsky, Esq.
                    30 Broad Street - 24th Floor
                    New York, NY 10004
                    Tel: (212) 363-7500
                    Toll Free: (877) 363-5972
                    Fax: (212) 363-7171

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