Law Firm Brower Piven Announces Investigation Of AutoInfo, Inc. Going Private Transaction
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of AutoInfo, Inc. (“AutoInfo” or the “Company”) (OTCBB: AUTO) and other violations of state law by the board of directors of AutoInfo relating to the proposed acquisition of the Company by AutoInfo Holdings, LLC, a subsidiary of private investment firm Comvest Investment Partners IV, L.P. The firm’s investigation seeks to determine, among other things, whether AutoInfo’s board of directors breached their fiduciary duties by failing to maximize shareholder value.
As stated in the press release announcing the proposed transaction, AutoInfo shareholders will receive $1.05 in cash for each share of AutoInfo they own. That represents only a small premium to the recent trading price of AutoInfo stock.
If you currently own common stock of AutoInfo and would like to learn
more about the investigation being conducted by Brower Piven, you may
email or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.
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