The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of CPI In...
November 26 2010 - 10:37AM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of CPI International Inc. (NasdaqGS:CPII) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to Veritas
Capital. Under the terms of the transaction, CPI shareholders will
receive $19.50 per share in cash for each share they own for a
total transaction value of approximately $525 million.
The investigation concerns whether the CPI Board of Directors
breached their fiduciary duties to CPI stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Veritas is underpaying for CPI shares.
If you own common stock in CPI and wish to obtain additional
information, please contact Abe Shainberg, Esq. either via email at
as@ashainberglaw.com or by telephone at (212) 425-7286, or visit
http://www.ashainberglaw.com/contact.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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