The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of CFSG

Levi & Korsinsky is investigating the Board of Directors of China Fire & Security Group (Nasdaq: CFSG) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a proposal from a private equity firm to purchase all outstanding shares of China Fire stock for cash.

New York, NY, March 08, 2011 -- Levi & Korsinsky is investigating the Board of Directors of China Fire & Security Group (“China Fire” or the “Company”) (Nasdaq: CFSG) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a proposal from a private equity firm to purchase all outstanding shares of China Fire stock for cash. According to the proposal, the private equity firm is willing to structure the proposed acquisition to allow the existing members of the Company's management to exchange all or part of their equity interests in the Company into equity securities in the post-acquisition company. The chairman of the board and chief executive officer of the Company holds approximately 57% of the outstanding shares of China Fire.

Click here to learn more about the investigation: http://www.zlk.com/china-fire-security.html, or call: 877-363-5972.

The investigation concerns whether the China Fire Board of Directors is breaching their fiduciary duties to China Fire stockholders by failing to take the necessary steps to maximize shareholder value.

If you own common stock in China Fire 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://www.zlk.com/china-fire-security.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.

Contact:
Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St., 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

This release was published on openPR.