Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Monterey Gourmet Foods Inc. - PSTA
12 Outubro 2009 - 3:58PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Monterey Gourmet Foods Inc. (“Monterey” or the “Company”)
(NasdaqGM: PSTA) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to Pulmuone USA Inc. ("Pulmuone"). Under the terms of
the agreement, Monterey shareholders will receive $2.70 in cash for
each share of Monterey common stock they own for a total
transaction value of approximately $45.8 million. The investigation
concerns whether Pulmuone is underpaying for the Company thereby
harming Monterey shareholders.
If you own common stock in Monterey and wish to obtain
additional information, please contact us at the number listed
below or visit http://www.zlk.com/psta1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
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