The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of American Lorain Corporation in Connection with the Proposed Sale of the Company to its Chairman and CEO
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of American Lorain Corporation ("American Lorain" or the "Company") (NYSE MKT: ALN) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to its Chairman, President, and Chief Executive Officer, Mr. Si Chen.
Click here to learn how to join the action: http://zlk.9nl.com/american-lorain-aln, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, American Lorain shareholders would receive $1.60 per share in cash. Mr. Chen currently owns an aggregate of more than 46% of the Company's outstanding shares. The investigation concerns, among other things, whether the proposed consideration to be paid to American Lorain shareholders is unfair, inadequate, and substantially below the fair or inherent value of American Lorain, and whether Mr. Chen is taking advantage of his position as a controlling shareholder in order to purchase the Company at an unfair price. In particular, at least one analyst set a price target for American Lorain stock at $6.00 per share.
If you own common stock in American Lorain and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/american-lorain-aln.
Levi & Korsinsky is a national firm with offices in New York 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq. / Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America Pennsylvania
The article The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of American Lorain Corporation in Connection with the Proposed Sale of the Company to its Chairman and CEO originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.