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CFS Comforce Corp

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Share Name Share Symbol Market Type
Comforce Corp AMEX:CFS AMEX Ordinary Share
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  0.00 0.00% 0.00 -

COMFORCE Corp. Shareholder Investigation by Briscoe Law Firm Concerning the Acquisition by an Affiliate of ABRY Partners, LLC

04/11/2010 3:58pm

Business Wire


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The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of COMFORCE Corporation (“COMFORCE” or “CFS”) (NYSE AMEX: CFS) related to the acquisition of COMFORCE by an affiliate of the private equity firm ABRY Partners, LLC.

Under the definitive merger agreement, which was announced on November 2, 2010, COMFORCE shareholders will receive $2.50 in cash for each share of COMFORCE/CFS common stock they hold. The transaction is valued at approximately $84.8 million. According to a press release issued by COMFORCE, “[c]ertain directors, executive officers and stockholders of COMFORCE beneficially owning approximately 31.0% of COMFORCE’s common shares outstanding have entered into agreements to vote in favor of the merger agreement.”

The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of COMFORCE for approving this transaction and whether COMFORCE’s Board of Directors acted in the shareholders’ best interests.

If you currently own shares of COMFORCE/CFS and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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