Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Frozen Food Express Industries, Inc. Over the Proposed Sale of the Company to Duff Brothers Capital Corporation
Juan
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Frozen Food
Express Industries, Inc. (“Frozen Express” or the “Company”) (NasdaqGS:
FFEX) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to Duff Brothers
Capital Corporation (“Duff Brothers”) in a deal valued at approximately
$38 million. Under the terms of the proposed transaction, Frozen Express
stockholders will receive $2.10 in cash for each share of Frozen Express
common stock they own.
Request more information now by clicking here: www.faruqilaw.com/FFEX.
There is no cost or obligation to you.
The investigation focuses on whether Frozen Express’ Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of Frozen Express’ shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Frozen Express and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/FFEX
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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