QUALITY DISTRIBUTION, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Quality Distribution, Inc. Ove...
May 18 2015 - 2:30PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Quality Distribution, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Quality Distribution, Inc.
(“Quality Distribution” or the “Company”) (Nasdaq:QLTY) for
potential breaches of fiduciary duties in connection with the sale
of the Company to Apax Partners (“Apax”) for approximately $800
Million in an all-cash transaction. The Company’s stockholders will
receive $16.00 for each share of Quality Distribution common stock
they own. It is important to note that analysts have set price
targets as high as $18.00 for a share of Quality Distribution.
Click here for more information:
www.faruqilaw.com/QLTY. There is no cost or obligation to
you.
The investigation focuses on whether Quality Distribution’s
Board of Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Quality Distribution’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Quality Distribution and wish to
obtain additional information and protect your investments free of
charge, please visit us at www.faruqilaw.com/QLTY or contact Juan
E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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