SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Mea...
May 22 2013 - 10:23AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Meade Instruments Corp. (“Meade” or the “Company”) (Nasdaq: MEAD)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to JOC North
America LLC.
Click here to learn more about the investigation
http://zlk.9nl.com/meade-instruments-mead/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Meade Instruments
shareholders will receive $3.45 for each share of Meade Instruments
stock they own. The transaction has a total approximate value of
$4.5 million. The investigation concerns whether the Meade
Instruments Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction, whether JOC North America
LLC is underpaying for Meade Instruments stock, thus unlawfully
harming Meade Instruments shareholders. In particular, Meade
Instruments has a reported book value of $6.40 per share for the
most recent quarter.
If you own common stock in Meade Instruments 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/meade-instruments-mead/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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