We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
China Fire & Security Grp., Inc. (MM) | NASDAQ:CFSG | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.99 | 0 | 01:00:00 |
The law firm of Rigrodsky & Long, P.A. announces that it has filed a class action lawsuit in the United States District Court for the Southern District of Florida on behalf of the public shareholders of China Fire & Security Group, Inc. (“China Fire” or the “Company”) (Nasdaq: CFSG) against the Company and its Board of Directors (the “Board” or “Individual Defendants”) for violations of Sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 in connection with the proposed acquisition of China Fire by affiliates of Bain Capital Partners, LLC (“Bain Capital”) (the “Complaint”). The case is styled as Tessitore v. China Fire & Security Group, Inc., C.A. No. 11-CV-61580-WPD (S.D. Fla.).
Click here to learn more and view a copy of the Complaint: http://www.rigrodskylong.com/news/ChinaFire-CFSG.
The Complaint arises out of a May 20, 2011 press release announcing the Company had entered into a definitive merger agreement with Bain Capital, pursuant to which China Fire shareholders will receive $9.00 per share in cash for each share of China Fire common stock they own or approximately $265.5 million in the aggregate (the “Proposed Transaction”).
The Complaint alleges that certain of the defendants, in connection with Proposed Transaction, breached or aided and abetted the other defendants’ breaches of their fiduciary duties. In addition, the Complaint further alleges, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially misleading Preliminary Proxy Statement with the United States Securities and Exchange Commission in violation of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934. The omitted and/or misrepresented information is believed to be material in assisting China Fire shareholders in making an informed decision whether or not to vote in favor of the Proposed Transaction.
Plaintiff seeks injunctive relief on behalf of all China Fire shareholders as of May 20, 2011 (the “Class”). The plaintiff is represented by Rigrodsky & Long, P.A.
If you wish to serve as lead plaintiff, you must move the Court no later than sixty days from today. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Noah R. Wortman, Case Development Director of Rigrodsky & Long, P.A., 919 North Market Street, Suite 980 Wilmington, Delaware, 19801 at (888) 969-4242, by e-mail to info@rigrodskylong.com, or via our website: http://www.rigrodskylong.com/news/ChinaFire-CFSG.
In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
1 Year China Fire & Security Grp., Inc. (MM) Chart |
1 Month China Fire & Security Grp., Inc. (MM) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions