openPR Logo
Press release

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

03-08-2011 12:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of CFSG here

News-ID: 165562 • Views: 853

More Releases from Levi & Korsinsky, LLP

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Se …
Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of China Automotive Systems, Inc. (“China Automotive” or the “Company”) (Nasdaq: CAAS) concerning possible violations of federal securities laws. New York, NY, March 24, 2011 -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of China Automotive Systems, Inc. (“China Automotive” or the “Company”) (Nasdaq: CAAS) concerning possible violations of federal
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Vi …
Levi & Korsinsky, LLP is investigating TETRA Technologies, Inc. (NYSE: TTI), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming May 3, 2011 shareholder vote. New York, NY, March 23, 2011 -- Levi & Korsinsky, LLP is investigating TETRA Technologies, Inc. (NYSE: TTI), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming May 3, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Vi …
Levi & Korsinsky, LLP is investigating Cincinnati Financial Corporation (“Cincinnati Financial” or the “Company”) (NASDAQ: CINF), and its Board of Directors, for possible violations of federal securities laws in connection with the upcoming April 30, 2011 shareholder vote. New York, NY, March 22, 2011 -- Levi & Korsinsky, LLP is investigating Cincinnati Financial Corporation (“Cincinnati Financial” or the “Company”) (NASDAQ: CINF), and its Board of Directors, for possible violations of federal
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Se …
Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Kid Brands, Inc. (NYSE: KID) concerning possible violations of federal securities laws. New York, NY, March 22, 2011 -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Kid Brands, Inc. (NYSE: KID) concerning possible violations of federal securities laws. On March 15, 2011, Kid Brands announced it would delay the

All 5 Releases


More Releases for China

China Attestation
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Energy Drinks in China
ReportsWorldwide has announced the addition of a new report title Energy Drinks in China to its growing collection of premium market research reports. Energy Drinks in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Land Right in China
ReportsWorldwide has announced the addition of a new report title Land Right in China to its growing collection of premium market research reports. Land circulation is a very important policy in China, playing a positive role in promoting the development of modern agriculture. And it will be possible for China to transform from household contract and planting by scattered small farmers in the past to large-scale plant, which has a significant
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
China Blossom Restaurant & Lounge
China Blossom Restaurant & Lounge Debuts in 2011/2012 Zagat (Greater Boston, MA) – Each year the Zagat Survey shares the opinions of thousands of avid consumers, with real experiences, giving people the power to make smart dining decisions. This year, China Blossom Restaurant & Lounge, located in North Andover, MA, made its debut in the newly-released 2011/2012 Zagat Survey. Released on Wednesday, April 27th, 2011, the famed Zagat survey chronicles