Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Monterey Gourmet Foods, Inc.

Attorney Advertising. Notice is hereby given that a class action lawsuit has been commenced on behalf of shareholders of Monterey Gourmet Foods, Inc. (“Monterrey” or the “Company”) (Nasdaq: PSTA) for breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company’s Board of Directors to sell all of the Company’s outstanding shares of common stock at a price of $2.70 per share in cash to Pulmuone USA, Inc. (“Pulmuone”), in a transaction valued at approximately $45.8 million.

If you own common stock of Monterey and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The action concerns the price to be paid by Pulmuone to Monterey shareholders and the process by which Monterey’s Board of Directors is addressing the transaction.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to [e-mail] or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.