The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of P.F. Chang's China Bistro, Inc. in Connection With the Sale of the Company to Centerbridge Partners, L.P.
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/04/12 -- Levi & Korsinsky notifies investors of P.F. Chang's China Bistro, Inc. ("P.F. Chang's") (NASDAQ: PFCB) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Centerbridge Partners, L.P. Under the terms of the transaction, P.F. Chang's shareholders will receive $51.50 per share of P.F. Chang's stock they own. The transaction has a value of approximately $1.1 billion. A complaint was filed in Arizona state court.
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The claims concern whether the P.F. Chang's Board of Directors breached their fiduciary duties to P.F. Chang's stockholders by failing to adequately shop the Company before entering into this transaction and whether Centerbridge Partners, L.P. is underpaying for P.F. Chang's shares, thus unlawfully harming P.F. Chang's stockholders.
If you own common stock in P.F. Chang's and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or .
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 04.05.2012 - 14:00 Uhr
Sprache: Deutsch
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