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

03-17-2011 01:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of China Security & Surveillance Technology, Inc. (“CSST” or the “Company”) (NYSE: CSR) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a merger proposal from the Chairman of the Board of Directors, Guoshen Tu.

New York, NY, March 17, 2011 -- Levi & Korsinsky is investigating the Board of Directors of China Security & Surveillance Technology, Inc. (“CSST” or the “Company”) (NYSE: CSR) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a merger proposal from the Chairman of the Board of Directors, Guoshen Tu. Under the terms of the transaction, Tu would acquire all the outstanding shares of CSST stock that he does not currently own at a price of $6.50 in cash per share. The Board of Directors has formed a special committee to consider the proposal.

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

The investigation concerns whether the CSST Board of Directors is adequately shopping the Company and working to obtain the best price for CSST shareholders. In particular, at least one analyst set a price target of $8.60 per share of CSST stock.

If you own common stock in CSST 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-security-surveillance-csr.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

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

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