The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
November 02 2010 - 10:24AM
Business Wire
Levi & Korsinsky 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. The Board of Directors of COMFORCE approved the merger
agreement with ABRY Partners and resolved to recommend that
COMFORCE's stockholders vote to adopt the merger agreement.
Click here to learn how to join the action:
http://www.zlk.com/comforce-cfs.html, or call: 877-363-5972.
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, thus unlawfully harming COMFORCE stockholders.
If you own common stock in COMFORCE 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/comforce-cfs.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.
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