The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Vaughan Foods, Inc.
July 08 2011 - 11:26AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Vaughan Foods, Inc. (“Vaughan” or the “Company”) (OTC: FOOD) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Reser’s Fine
Foods, Inc. Under the terms of the transaction, Vaughan will become
a subsidiary of Reser’s Fine Foods, Inc., with Vaughan stockholders
receiving $1.58 per share of Vaughan stock they own. The
transaction has a total approximate value of $18.25 million in
cash.
Click here to learn how to join the action:
http://www.zlk.com/vaughan-foods-food, or call: 877-363-5972.
The investigation concerns whether the Vaughan Board of
Directors breached their fiduciary duties to Vaughan stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Reser’s Fine Foods, Inc. is underpaying for
Vaughan shares, thus unlawfully harming Vaughan stockholders.
If you own common stock in Vaughan 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/.
Levi & Korsinsky is a national firm with offices in New
York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation 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.