The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Tech...
02 Febbraio 2011 - 11:40PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Technology Research Corporation (“TRC” or the “Company”) (Nasdaq:
TRCI) for possible breaches of fiduciary duty and other violations
of state law in connection with the Company’s recent adoption of a
Shareholder Rights Plan, wherein a dividend of one right is issued
on each outstanding share of TRC’s common stock. The adoption of
the Rights Plan, otherwise known as a “poison pill,” appears to be
in response to an unsolicited bid by Coleman Cable, Inc. (Nasdaq:
CCIX) to acquire TRC for $5.50 per share in cash.
Click here to learn more about this investigation:
http://www.zlk.com/technology-research-corporation.html, or call:
877-363-5972.
The investigation concerns whether the Board of Directors of TRC
breached their fiduciary duties by not acting in TRC shareholders'
best interests in connection with the adoption of the Shareholder
Rights Plan. The Rights Plan virtually ensures that the cost of the
merger would be prohibitive to Coleman Cable whose $5.50 offer is
$1.37 more than the current book value for TRC stock.
If you own common stock in Technology Research 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/technology-research-corporation.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.
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