Yongye International Going Private Proposal Investigated by Former SEC Attorney Willie Briscoe and Powers Taylor, LLP
10 Avril 2014 - 5:31PM
Business Wire
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 Yongye International, Inc. (“Yongye”) (NasdaqGS: YONG)
related to a going private proposal from its Chairman. Under the
terms of the proposal, Yongye’s Chairman and Chief Executive
Officer, Mr. Zishen Wu, would acquire all outstanding shares of
Yongye’s common stock for $7.10 per share.
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 Yongye 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 Yongye
in connection with the potential approval of this transaction, and
whether Yongye’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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