Charm Communications Going Private Proposal Investigated by Former SEC Attorney Willie Briscoe and Powers Taylor LLP
2014年5月20日 - 1:23AM
ビジネスワイヤ(英語)
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential legal claims against the Board of
Directors of Charm Communications Inc. (“Charm”) (NasdaqGM: CHRM)
related to a going private proposal from its Chairman. Under the
terms of the proposal, Charm’s Chairman, He Dang, and certain of
his affiliates, would acquire all outstanding shares of Charm’s
stock for $4.70 in cash per American Depositary Share, or $2.35 in
cash per Class A ordinary share, and $2.35 in cash per Class B
ordinary share. The consideration is well below at least one
analyst’s estimated value of $5 per share, and it is well below the
52-week high of $5.89. Currently, Dang and his affiliates
collectively own approximately 55.3% of the Company’s stock.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
According to shareholder rights attorney Willie Briscoe, “The
investigation relates to the fairness of the proposed transaction
to Charm shareholders and whether the Board of Directors is
adequately shopping the company in order to obtain the best
possible price for the shareholders. In addition, the firms are
actively investigating possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Charm in
connection with the potential approval of this transaction, and
whether Charm’s Board of Directors is acting in the shareholders’
best interests.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Powers Taylor LLPPatrick Powers,
877-728-9607shareholder@powerstaylor.comorThe Briscoe Law Firm,
PLLCWillie Briscoe, 214-239-4568WBriscoe@TheBriscoeLawFirm.com
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