The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of CPI International, Inc. by an Affiliate ...
November 30 2010 - 4:26PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors (the "Board") of CPI
International, Inc. ("CPI" or the "Company") (NASDAQ: CPII) in
connection with their efforts to sell CPI to an affiliate of the
private equity firm Veritas Capital Fund IV, L.P. ("Veritas
Capital"). If the transaction is completed, CPI shareholders will
receive $19.50 in cash for each share of CPI common stock they
hold.
Robbins Umeda LLP's investigation concerns whether CPI's Board
undertook a fair process to obtain fair consideration for all
shareholders of CPI. Specifically, our investigation concerns
whether members of the Company's Board breached their fiduciary
duties to CPI shareholders by failing to adequately shop the
Company before entering into the transaction with Veritas
Capital.
If you are a shareholder of CPI, plan to continue to hold your
shares, and would like more information about your rights as a
shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights lawyers. Robbins
Umeda LLP has helped its clients realize more than $1 billion of
value for themselves and the companies in which they have invested.
For more information, please go to http://www.robbinsumeda.com.
Attorney Advertising. Past results do not guarantee a similar
outcome. We invite you to contact us today to discuss your
case.
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