SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Meade Instruments Corp. in Connection with the Sale of the Company to JOC North America LLC
Levi & Korsinsky is investigating the Board of Directors of Meade
Instruments Corp. (“Meade” or the “Company”) (Nasdaq: MEAD) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to JOC North America LLC.
Click here to learn more about the investigation http://zlk.9nl.com/meade-instruments-mead/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Meade Instruments shareholders will
receive $3.45 for each share of Meade Instruments stock they own. The
transaction has a total approximate value of $4.5 million. The
investigation concerns whether the Meade Instruments Board of Directors
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the transaction, whether
JOC North America LLC is underpaying for Meade Instruments stock, thus
unlawfully harming Meade Instruments shareholders. In particular, Meade
Instruments has a reported book value of $6.40 per share for the most
recent quarter.
If you own common stock in Meade Instruments 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 visit http://zlk.9nl.com/meade-instruments-mead/.
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.
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