The Law Firm of Levi & Korsinsky, LLP Announces Investigation of China TransInfo Technology Corp. in Connection with the Prop...

Levi & Korsinsky is investigating the Board of Directors of China TransInfo Technology Corp. (“CTFO” or the “Company”) (Nasdaq: CTFO) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a going private proposal from its Chairman and Chief Executive Officer, Mr. Shudong Xia. Under the terms of the proposed sale, Mr. Xia would acquire all outstanding common stock of CTFO that he does not currently own for $5.65 per share; he currently owns 27.8% of CTFO’s common stock.

Click here to learn how to join the action: http://www.zlk.com/china-transinfo-technology-ctfo, or call: 877-363-5972. There is no cost or obligation to you.

The investigation concerns whether CTFO is breaching its fiduciary duties by failing to adequately shop the Company and maximize shareholder value, thus unlawfully harming shareholders.

If you own common stock in CTFO and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.

Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

China Transinfo Technology Corp. (MM) (NASDAQ:CTFO)
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De Mai 2024 à Juin 2024