SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Zhongpin Inc. in Connection with the Sale of the Company to its CEO
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Zhongpin Inc. ("Zhongpin" or the "Company") (NAS: HOGS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to its Chairman and Chief Executive Officer, Mr. Xianfu Zhu.
Click here to learn how to join the action: http://zlk.9nl.com/zhongpin-inc-hogs or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Zhongpin shareholders will receive $13.50 for each share of Zhongpin stock they own. The transaction has a total approximate value of $418 million. Zhu and his partners in the deal own approximately 26% of the Company's outstanding shares. The investigation concerns, among other things, whether the consideration to be paid to Zhongpin shareholders is unfair, inadequate, and substantially below the fair or inherent value of Zhongpin. In particular, Zhongpin has a reported a book value of $14.29 per share for the most recent quarter.
If you own common stock in Zhongpin 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/zhongpin-inc-hogs.
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 New York
The article SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Zhongpin Inc. in Connection with the Sale of the Company to its CEO originally appeared on Fool.com.
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