Law Office of Brodsky & Smith, LLC Announces Investigation of China Fire & Security Group, Inc.
17 Marzo 2011 - 4:49PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
China Fire & Security Group, Inc. (“China Fire” or the
“Company”) (Nasdaq: CFSG) relating to the receipt of an acquisition
proposal from a private equity firm.
According to the March 7, 2011 offer, the private equity firm is
willing to structure the proposed acquisition to allow the existing
members of China Fire’s management to exchange all or part of their
equity interests in the Company into equity securities in the
post-acquisition company. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of China Fire by not acting in China Fire’s
shareholders' best interests in connection with the sale
process.
If you own shares of China Fire stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/271-cfsg-china-fire--security-group-inc.html
or by calling toll free 877-LEGAL-90.
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