Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Sinoenergy Corporation
15 Outubro 2009 - 7:49PM
Business Wire
Attorney Advertising. Notice is hereby given that Stull, Stull
& Brody has commenced an investigation on behalf of
shareholders of Sinoenergy Corporation (“Sinoenergy” or the
“Company”) (Nasdaq: SNEN) for possible breaches of fiduciary duty
and other violations of state law in connection with an agreement
by the Company’s Board of Directors to sell all of the Company’s
outstanding shares of common stock at a price of $1.90 per share in
cash to Skywide Capital Management Limited (“Skywide”), which is
owned by the Company’s chairman and President and is the Company’s
largest shareholder.
If you own common stock of Sinoenergy and wish to obtain
additional information about this matter, please contact Stull,
Stull & Brody at the toll-free number listed below. Stull,
Stull & Brody has litigated many class actions for violations
of securities laws and breaches of fiduciary duties on behalf of
defrauded investors over the past 40 years and has obtained court
approval of substantial settlements on numerous occasions.
The current investigation concerns the price to be paid by
Skywide to Sinoenergy shareholders and the process by which
Sinoenergy’s Board of Directors is addressing the transaction. As
recently as August 11, 2009, shares of Sinoenergy’s common stock
traded at $2.63 cents, with a 52-week high of $3.76. At least one
analyst has set a $9.90 price target for the Company’s shares. The
focus of the current investigation is on whether the Sinoenergy
Board of Directors breached its fiduciary duties to Sinoenergy’s
shareholders by agreeing to sell the Company at an unfair
price.
If you wish to discuss this matter or have any questions
concerning this notice or your rights or interests with respect to
this matter, please contact Aaron Brody, Esq. at Stull, Stull &
Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to
ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East
45th Street, New York, NY 10017.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Sinoenergy New Com (MM) (NASDAQ:SNEN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Sinoenergy New Com (MM) (NASDAQ:SNEN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Sinoenergy New Com (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Stull, Stull & Brody