SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Trunkbow International Holdings, Ltd.
December 11 2013 - 9:25PM
Business Wire
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 Trunkbow 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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/682-tbow-trunkbow-international-holdings-ltd.html
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