BALA CYNWYD, Pa., Dec. 13, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Trunkbow
International Holdings, Ltd. ("Trunkbow" or the "Company") (Nasdaq
–TBOW ) relating to the proposed acquisition by a company owned by
the Chairman of Trunkbow's Board of Directors and Trunkbow's Chief
Executive Officer and Director.
Click here to learn more about the investigation
http://brodsky-smith.com/682-tbow-trunkbow-international-holdings-ltd.html,
or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Trunkbow shareholders will
receive only $1.46 in cash for each
share of Trunkbow stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Trunkbow for not acting in the
Company's shareholders' best interests in connection with the sale
process. The investigation seeks to determine if the Trunkbows
Board of Directors failed to conduct an adequate auction process
and as a result harmed the Trunkbow shareholders by undervaluing
their Company.
The transaction will result in a loss or no gain for many long
term Trunkbow shareholders. Trunkbow stock traded above the sale
price at $2.29 per share on
January 11, 2012 and traded at
$1.46 per share as recently as
February 7, 2013. In addition,
Trunkbow has a reported book value of $2.70 per share for the most recent quarter.
If you own shares of Trunkbow common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by visiting
http://brodsky-smith.com/682-tbow-trunkbow-international-holdings-ltd.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC