The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Zhongp...
27 Marzo 2012 - 7:02PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Zhongpin Inc. (“Zhongpin” or the “Company”) (Nasdaq: HOGS) for
possible breaches of fiduciary duty and other violations of state
law in connection with the receipt of a going private proposal from
its Chairman and Chief Executive Officer, Mr. Xianfu Zhu. According
to the terms of the proposal, Zhu would acquire all outstanding
shares of the Company’s common stock for $13.50 per share. Zhu
currently owns approximately 17.5% of the Company’s stock.
Click here to learn how to join the action:
http://www.zlk.com/zhongpin-hogs, or call: 877-363-5972. There is
no cost or obligation to you.
The investigation concerns, among other things, whether the
consideration to be paid to Zhongpin shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
Zhongpin, and whether Zhu is a controlling shareholder that is
taking advantage of his position to purchase the Company at an
unfair price.
If you own common stock in Zhongpin 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 http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. 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 securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. 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, LLPJoseph Levi, Esq.Eduard
Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel:
(212) 363-7500Toll Free: (877) 363-5972Fax: (212)
363-7171www.zlk.com
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