Charm Communications Going Private Proposal Investigated by Former SEC Attorney Willie Briscoe and Powers Taylor LLP

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential legal claims against the Board of Directors of Charm Communications Inc. (“Charm”) (NasdaqGM: CHRM) related to a going private proposal from its Chairman. Under the terms of the proposal, Charm’s Chairman, He Dang, and certain of his affiliates, would acquire all outstanding shares of Charm’s stock for $4.70 in cash per American Depositary Share, or $2.35 in cash per Class A ordinary share, and $2.35 in cash per Class B ordinary share. The consideration is well below at least one analyst’s estimated value of $5 per share, and it is well below the 52-week high of $5.89. Currently, Dang and his affiliates collectively own approximately 55.3% of the Company’s stock.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor LLP, toll free [phone], via e-mail at [e-mail], or Willie Briscoe at The Briscoe Law Firm, PLLC, [phone], or via email at [e-mail]. There is no cost or fee to you.

According to shareholder rights attorney Willie Briscoe, “The investigation relates to the fairness of the proposed transaction to Charm shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. In addition, the firms are actively investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Charm in connection with the potential approval of this transaction, and whether Charm’s Board of Directors is acting in the shareholders’ best interests.”

The Briscoe Law Firm, PLLC 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.

Powers Taylor LLPPatrick Powers, [e-mail] Briscoe Law Firm, PLLCWillie Briscoe, [e-mail]