Glancy Binkow & Goldberg LLP Announces Investigation of Zhongpin Inc.
09 Aprile 2012 - 9:37PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
Zhongpin Inc. (“Zhongpin” or the “Company”) (NASDAQ: HOGS) related
to the proposed acquisition of the Company by Mr. Xianfu Zhu,
Zhongpin’s Chairman and Chief Executive Officer. Zhu currently
holds 17.5% of the Company’s stock, and has offered to purchase all
remaining shares for $13.50 each.
This investigation concerns the Board of Directors’ process for
consideration of the proposed acquisition, and whether Zhongpin is
acting in its shareholders’ best interests. Further, on April 4,
2012, the United States Securities and Exchange Commission filed an
action against the Company’s directors for insider trading in
connection with the proposed acquisition.
If you are a shareholder of Zhongpin, if you have information or
would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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