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CHRM (MM)

4.63
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:CHRM 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% 4.63 0 01:00:00

INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Charm Communications Inc. and Its Board of Directors In Conn...

20/05/2014 7:07pm

PR Newswire (US)


(MM) (NASDAQ:CHRM)
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From Jul 2019 to Jul 2024

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NEW YORK, May 20, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Charm Communications Inc. ("Charm Communications" or "the Company") (NasdaqGM: CHRM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to its Chairman, He Dang, and certain of his affiliates.

Protecting the Rights of Shareholders.

Click here to learn more about the investigation: http://zlk.9nl.com/charm-communications-chrm, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Mr. Dang and his affiliates would acquire all outstanding American Depositary Shares of Charm Communications stock for $4.70 per share, $2.35 in cash per Class A ordinary share, and $2.35 per Class B ordinary share. The investigation concerns whether the Charm Communications Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Mr. Dang and affiliates are taking advantage of their position as majority shareholders to purchase the Company at an unfair price.

If you own Charm Communications stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/charm-communications-chrm.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have 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: (866) 367-6510
www.zlk.com

Logo - http://photos.prnewswire.com/prnh/20120409/MM84375LOGO

SOURCE Levi & Korsinsky, LLP

Copyright 2014 PR Newswire

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