Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Trunkbow International’s Proposed Sale to Comp...

Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the Board of Directors of Trunkbow International Holdings Limited, Inc. (Nasdaq: TBOW) breached their fiduciary duties in connection with the sale of the Company.

On December 10, 2013 Trunkbow announced that it has entered into an Agreement and Plan of Merger with a business company wholly owned by Dr. Wanchun Hou, Chairman of the Trunkbow Board of Directors, and Mr. Qiang Li, Chief Executive. Under the terms of this transaction, Trunkbow shareholders will receive $1.46 in cash for each share of Trunkbow stock they own.

The investigation will determine whether Trunkbow’s directors, Dr. Wanchun Hou and Qiang Li, breached their fiduciary duties to stockholders by taking advantage of their positions and paying an unfair price to Trunkbow shareholders. Jim Baker, lead analyst at Johnson & Weaver, LLP, had this comment about the transaction: “The price being offered seems inadequate because just last year the stock was trading over 60% higher.”

If you are a shareholder of Trunkbow and believe 1) the proposed buyout price is too low or 2) the deal favors the insiders and not the shareholders or 3) you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-230-0063.

Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.

Johnson & Weaver, LLPJim Baker, 619-230-0063 Ext. 118jimb@johnsonandweaver.com

Trunkbow International Holdings Ltd. (MM) (NASDAQ:TBOW)
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