NEW YORK, Sept. 3, 2014 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Cobra
Electronics Corporation ("Cobra Electronics" or "the Company")
(NasdaqGM: COBR) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Monomoy Capital Partners II, L.P.
Click here to learn more about the investigation:
http://zlk.9nl.com/cobra-electronics-corporation-cobr, or
call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Cobra Electronics
shareholders will receive $4.30 for
each share of Cobra Electronics common stock they own. The
investigation concerns whether the Board of Cobra Electronics
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Monomoy Capital Partners II, L.P. is
underpaying for Cobra Electronics shares. In particular, Cobra
Electronics has a reported book value of $5.83 per share for the most recent quarter.
Shareholders holding approximately 2.6% of Cobra Electronic
outstanding shares of common stock have already agreed to tender
their shares.
If you own Cobra Electronics common stock 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 visit
http://zlk.9nl.com/cobra-electronics-corporation-cobr.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP