CPII Cpi International, Inc. (MM)

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of CPI International, Inc. (“CPI” or the “Company”) (Nasdaq: CPII) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by Veritas Capital Fund IV (“Veritas”) in a transaction valued at approximately $525 million. Click here to learn how to join the action: http://www.rigrodskylong.com/news/CPIInternationalInc-CPII.

Under the proposed agreement, Veritas will acquire all of the outstanding common shares of CPI for $19.50 per share in cash. In addition, certain significant stockholders of CPI have entered into a voting agreement with an affiliate of Veritas with respect to approximately 49 percent of the outstanding shares of CPI common stock to demonstrate their strong support of the proposed transaction.

The investigation concerns whether CPI’s board of directors failed to adequately shop the Company and obtain the best price possible for CPI’s shareholders before entering into the agreement with Veritas.

If you own the common stock of CPI and purchased your shares before November 26, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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