SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Trunkbow International Holdings Limited in Connection with the Receipt of a Going Private Proposal
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Trunkbow International Holdings Limited ("Trunkbow" or the "Company") (NasdaqGM: TBOW) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a going private proposal from Hou Wanchun, the Company's Chairman, and Li Qiang, a director and the CEO of the Company.
Click here to learn more about the investigation http://zlk.9nl.com/trunkbow-international-tbow/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, Trunkbow shareholders would receive $1.46 for each share of Trunkbow stock they own. The investigation concerns whether Wanchun and Qiang are taking advantage of their positions within the Company to purchase Trunkbow at an unfair price. In particular, shares of Trunkbow have traded as high as $1.98 as recently as May 4, 2012. Furthermore, Trunkbow has a reported Book Value of $2.37 per share for the most recent quarter.
If you own common stock in Trunkbow 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 visit http://zlk.9nl.com/trunkbow-international-tbow/.
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.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Trunkbow International Holdings Limited in Connection with the Receipt of a Going Private Proposal originally appeared on Fool.com.
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