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 the Board of Frozen Food Express Industries, Inc. in Connection with a Going Private Transaction
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Frozen Food Express Industries, Inc. ("FFE" or the "Company") (NAS: FFEX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Duff Brothers Capital Corporation ("Duff Brothers").
Click here to learn more about the investigation http://zlk.9nl.com/frozen-food-express-industries-ffex/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Duff Brothers will pay $2.10 in cash for each share of FFE stock it does not already own. The investigation concerns, among other things, whether the consideration to be paid to FFE shareholders is unfair, inadequate, and substantially below the fair or inherent value of FFE, and whether the FFE Board is acting in FFE shareholders' best interests. Insiders including FFE's Chairman, Stoney M. Stubbs, Jr. have already agreed to tender their shares.
If you own common stock in FFE and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/frozen-food-express-industries-ffex/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey 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: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Frozen Food Express Industries, Inc. in Connection with a Going Private Transaction 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.