SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Frozen Food Express Industries, Inc. in Connection with a Going Private Transaction
Levi & Korsinsky is investigating the Board of Directors of Frozen Food
Express Industries, Inc. (“FFE” or the “Company”) (Nasdaq: FFEX) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Duff Brothers Capital
Corporation (“Duff Brothers”).
Click here to learn more about the investigation http://zlk.9nl.com/frozen-food-express-industries-ffex/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Duff Brothers will pay $2.10 in cash
for each share of FFE stock it does not already own. The investigation
concerns, among other things, whether the consideration to be paid to
FFE shareholders is unfair, inadequate, and substantially below the fair
or inherent value of FFE, and whether the FFE Board is acting in FFE
shareholders’ best interests. Insiders including FFE’s Chairman, Stoney
M. Stubbs, Jr. have already agreed to tender their shares.
If you own common stock in FFE 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/frozen-food-express-industries-ffex/.
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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