Corporate Report: June 22

SRI/Surgical Express sale probed by law firms
The sharks are circling. This week, no fewer than four law firms announced plans to investigate the proposed sale of Tampa-based SRI/Surgical Express Inc. to Synergy Health PLC.

The law office of Brodsky & Smith LLC of Bala Cynwyd, Pa.; Levi & Korsinsky LLP of New York City; Powers Taylor LLP of Dallas; and The Briscoe Law Firm PLLC of Texas are accusing the company's board of potentially breaching its fiduciary duty in approving the sale. The focus of the attorneys is the $3.70 proposed payout for each share of stock, which they argue is well below the 52-week high of $4.91 a share. The company traded as high as $4.14 per share on Feb. 2.

The firms are all seeking potential plaintiffs.