NEW YORK, Feb. 22, 2012 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities law firm, notifies investors of China
TransInfo Technology Corp. (NASDAQ: CTFO) of potential claims
of breaches of fiduciary duty and other violations of state law
against the board of directors of CTFO in connection with the
potential sale of the company to its Chairman and CEO, Mr.
Shudong Xia. It was announced
that Mr. Xia intends to acquire all of the outstanding common stock
of CTFO that he does not currently own for $5.65 per share in cash. He currently owns 27.8%,
of the outstanding shares of common stock of CTFO.
The investigation concerns whether the CTFOs Board of Directors,
as well as Mr. Xia breached their fiduciary duties to stockholders
by failing to adequately shop the company and whether Mr. Xia is
underpaying for CTFO's shares, thus unlawfully harming
stockholders.
If you own CTFO's common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact
Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United
States. Attorney advertising. Prior results do not guarantee
a similar outcome.
SOURCE Tripp Levy PLLC