The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of COMFOR...
November 08 2010 - 11:51AM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of COMFORCE Corporation (“COMFORCE” or the “Company”)
(Amex: CFS) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to an affiliate of ABRY Partners, LLC (“ABRY
Partners”). Under the terms of the transaction, COMFORCE
shareholders will receive $2.50 in cash per share for a total
transaction value of approximately $84.8 million. Certain
directors, executive officers and stockholders of COMFORCE
beneficially owning approximately 31% of the Company’s outstanding
common shares have entered into agreements to vote in favor of the
proposed transaction.
The investigation concerns whether the COMFORCE Board of
Directors breached their fiduciary duties to COMFORCE stockholders
by failing to adequately shop the Company before entering into this
transaction and whether ABRY Partners is underpaying for COMFORCE
shares.
If you own common stock in COMFORCE and wish to obtain
additional information, please contact Abe Shainberg, Esq. either
via email at as@ashainberglaw.com or by telephone at (212)
425-7286, or visit
http://www.ashainberglaw.com/comforce-cfs.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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