COMFORCE Corp. Shareholder Investigation by Briscoe Law Firm Concerning the Acquisition by an Affiliate of ABRY Partners, LLC
04 Novembre 2010 - 4:58PM
Business Wire
The Briscoe Law Firm, PLLC, founded by a former state prosecutor
and enforcement attorney for the United States Securities and
Exchange Commission, and the law firm of Powers Taylor, LLP are
investigating potential legal claims against the Board of Directors
of COMFORCE Corporation (“COMFORCE” or “CFS”) (NYSE AMEX: CFS)
related to the acquisition of COMFORCE by an affiliate of the
private equity firm ABRY Partners, LLC.
Under the definitive merger agreement, which was announced on
November 2, 2010, COMFORCE shareholders will receive $2.50 in cash
for each share of COMFORCE/CFS common stock they hold. The
transaction is valued at approximately $84.8 million. According to
a press release issued by COMFORCE, “[c]ertain directors, executive
officers and stockholders of COMFORCE beneficially owning
approximately 31.0% of COMFORCE’s common shares outstanding have
entered into agreements to vote in favor of the merger
agreement.”
The investigation relates to possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
COMFORCE for approving this transaction and whether COMFORCE’s
Board of Directors acted in the shareholders’ best interests.
If you currently own shares of COMFORCE/CFS and would like
additional information regarding this investigation, or if you have
information regarding the allegations involving this transaction,
please contact Patrick Powers at Powers Taylor, LLP, toll free
(877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie
Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or
via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or
fee to you.
The Briscoe Law Firm 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.
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