Law Office of Brodsky & Smith, LLC Announces Investigation of Arbinet Corporation by EON


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									Law Office of Brodsky & Smith, LLC Announces
Investigation of Arbinet Corporation
November 15, 2010 07:33 PM Eastern Time  

BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces that it
is investigating potential claims against the Board of Directors Arbinet Corporation. (“Arbinet”) or the “Company”)
(Nasdaq:ARBX) relating to the proposed acquisition by Primus Telecommunications Incorporated (“Primus”).

Under the terms of the agreement, Arbinet shareholders would receive shares of Primus common stock in exchange
for Arbinet common stock. Primus shareholders will be expected to own approximately 77% of the combined
company upon the closing of the transaction. The investigation concerns possible breaches of fiduciary duty and
other violations of state law. The transaction appears to be unfair, in part, given the book value of Arbinet is greater
than the price being paid by Primus. Thus, shareholders need additional information to know if the Board of
Directors breached their fiduciary duties by failing to adequately shop the Company, which has resulted in Primus
underpaying for the company.

If you own shares of Arbinet and wish to discuss the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at, visiting, or by
calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire


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