EQUITY ALERT: The Rosen Law Firm Announces Investigation of Advanced Photonix, Inc. Concerning its Proposed Sale to Luna Inno...
02 Février 2015 - 6:19PM
Business Wire
The Rosen Law Firm announces that it is investigating the Board
of Directors of Advanced Photonix, Inc. (NYSE: API) for possible
breaches of fiduciary duty and other violations of law by failing
to adequately shop Advanced Photonix to maximize shareholder value
before agreeing to be acquired by Luna Innovations Incorporated
(NASDAQ: LUNA).
If you would like to join the action, go to
http://rosenlegal.com/cases-493.html or contact Phillip Kim or
Kevin Chan, toll-free at 866-767-3653, or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive 0.31782 shares of Luna common stock for each share of
Advanced Photonix they own. The investigation relates to whether
the proposal is fair to the public shareholders of Advanced
Photonix and whether Advanced Photonix’s Board breached its
fiduciary duties in connection with the proposed sale.
If you currently own shares of Advanced Photonix and wish to
obtain additional information, please visit the website at
http://rosenlegal.com/cases-493.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
-------------------------------
Contact Information:
Phillip Kim, Esq.Kevin Chan, Esq.Laurence Rosen, Esq.The Rosen
Law Firm, P.A.275 Madison Avenue, 34th FloorNew York, NY 10016Tel:
(212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
The Rosen Law Firm866-767-3653Phillip Kim,
pkim@rosenlegal.comKevin Chan, kchan@rosenlegal.com
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