The Law Office of Joseph Klein is Investigating into the Possible Breaches of Fiduciary Duty by the Board of CPI Internationa...
30 Noviembre 2010 - 2:32PM
Business Wire
The Law Office of Joseph Klein 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 (“Veritas”). 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 Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/cpiinternational.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
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