Buyout of China Fire and Security Prompts Shareholder Claims Investigation by Goldfarb Branham Law Firm LLP
25 Marzo 2011 - 7:23AM
Business Wire
Goldfarb Branham LLP is investigating whether the board of China
Fire & Security, Inc. (NASDAQ: CFSG) violated shareholder
protection laws in connection with the proposed acquisition by an
undisclosed private equity firm. If you are a China Fire &
Security shareholder or have information about this buyout, contact
Hamilton Lindley at 877-583-2855 or by email at
hlindley@goldfarbbranham.com.
“Almost 56.5% of China Fire stock is owned by Chairman of the
Board, Li Weigang,” said securities lawyer Hamilton Lindley. “The
company’s sparsely worded press release provided no information
regarding the special committee’s scope of authority, the per share
price proposed for the company’s stock, the identity of the private
equity group or whether management are partnering with the private
equity firm. Our proposed class action lawsuit seeks to ensure that
the directors properly shopped the company, maximized value to the
shareholders and disclosed full and fair information about the
transaction.”
Goldfarb Branham’s lawyers have significant experience
representing individual and institutional investors in over 100
shareholder class action cases. A firm securities lawyer, Hamilton
Lindley, can be reached at hlindley@goldfarbbranham.com or
877-583-2855 to discuss the impact of this buyout on China Fire
& Security shareholders.
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