SHAREHOLDER ALERT: The Law Firm Of Levi & Korsinsky, LLP Announces An Investigation Of The Board Of MOD-PAC Corp. In Connection With A Going Private Transaction
NEW YORK, April 16, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of MOD-PAC Corp. ("MOD-PAC" or the "Company") (NasdaqGM: MPAC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Daniel G. Keane, the Company's President and CEO, Chairman Kevin T. Keane, and their affiliates and associates.
Click here to learn more about the investigation: http://zlk.9nl.com/modpac-mpac/ , or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, MOD-PAC shareholders—excluding the Buyer Group--will receive $8.40 in cash for each share of MOD-PAC Common Stock and Class B stock they own. The investigation concerns, among other things, whether the consideration to be paid to MOD-PAC shareholders is unfair, inadequate, and substantially below the fair or inherent value of MOD-PAC, and whether the President and Chairman are taking advantage of their positions as Board members and shareholders of an aggregate 41% of MOD-PAC voting power in order to purchase the Company at an unfair price. In particular, MOD-PAC has traded above the offer price as recently as March 13, 2013.If you own common stock in MOD-PAC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/modpac-mpac/ . Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV