SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces It Has Filed a Class Action Lawsuit on Behalf of Multi-Fineline Electronix...
18 Maio 2016 - 3:33PM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased shares of Multi-Fineline
Electronix, Inc. (“Multi-Fineline”) (NASDAQ:MFLX)
prior to the February 4, 2016 merger announcement.
You are hereby notified that a securities class
action lawsuit has been commenced in the USDC for the Central
District of California, Southern Division. To get more information
go to:
zlk.9nl.com/multi-fineline-electronix
or contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972. There is no cost or obligation to
you.
On February 4, 2016, Multi-Fineline announced it
had entered a merger agreement wherein Suzhou Dongshan Precision
Manufacturing Co., Ltd. would acquire all the outstanding shares of
Multi-Fineline for $23.95 per share in cash. The complaint alleges
that the CEO of Multi-Fineline, Reza Meshgin, and Roy Chee Keong
Tan, Group CFO of United Engineers Limited, which holds more than
60% of Multi-Fineline’s outstanding shares, ran the sales process
and negotiations in order to further their personal agendas. In
particular, the complaint alleges that Meshgin steered the process
towards a deal with Suzhou in order to maintain his position of CEO
with the post-merger entity. As a result of the defendants’
actions, the complaint alleges, Multi-Fineline rejected superior
bids and accepted Suzhou’s inferior proposal, severely undervaluing
Multi-Fineline and harming investors.
If you suffered a loss in Multi-Fineline
you have until July 18, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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