The Law Firm of Levi & Korsinsky, LLP Announces Investigation of China TransInfo Technology Corp. in Connection with the Prop...
22 Fevereiro 2012 - 2:39PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
China TransInfo Technology Corp. (“CTFO” or the “Company”) (Nasdaq:
CTFO) for possible breaches of fiduciary duty and other violations
of state law in connection with the receipt of a going private
proposal from its Chairman and Chief Executive Officer, Mr. Shudong
Xia. Under the terms of the proposed sale, Mr. Xia would acquire
all outstanding common stock of CTFO that he does not currently own
for $5.65 per share; he currently owns 27.8% of CTFO’s common
stock.
Click here to learn how to join the action:
http://www.zlk.com/china-transinfo-technology-ctfo, or call:
877-363-5972. There is no cost or obligation to you.
The investigation concerns whether CTFO is breaching its
fiduciary duties by failing to adequately shop the Company and
maximize shareholder value, thus unlawfully harming
shareholders.
If you own common stock in CTFO and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New
York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
China Transinfo Technology Corp. (MM) (NASDAQ:CTFO)
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