SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Brazil Fast Food Corp. In Connection With a Going Private Transaction
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Brazil Fast Food Corp. ("Brazil Fast Food" or the "Company") (OTC MKTS: BOBS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a consortium of shareholders led by the Company's CEO, Ricardo Figueiredo Bomeny.
Click here to learn more about the investigation http://zlk.9nl.com/brazil-fast-food-bobs/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Brazil Fast Food shareholders will receive $15.50 for each share of Brazil Fast Food stock they own. The investigation concerns whether the Brazil Fast Food Board of Directors and CEO breached their fiduciary duties to stockholders by selling the Company to the consortium through an unfair process. In particular, Brazil Fast Food stock closed at a high of $17.44 just a week before the merger, and closed above the offer price the day before the announcement.
If you own Brazil Fast Food common stock 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/brazil-fast-food-bobs/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut 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. 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
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
(212) 363-7500, toll-free: (877) 363-5972
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of Brazil Fast Food Corp. In Connection With a Going Private Transaction originally appeared on Fool.com.
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