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tedkov 10 posts  |  Last Activity: 14 hours ago Member since: Feb 14, 2000
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  • Media Merger Challenged
    WILMINGTON, Del. - Directors of LIN Media, a TV chain, are selling the company too cheaply through an unfair process to Media General, for $1.6 billion or $27.82 a share, shareholders claim in a class action in Chancery Court.
    For more information please contact law firm at 1-877-772-3975

  • tedkov tedkov Apr 14, 2014 6:57 AM Flag

    i was able to get a copy of the complaint by contacting them

  • A proposed shareholder lawsuit on behalf of shareholders of Lin Media is being prepared to be filed in the state court of delaware. the lawsuit alleges that the merger price is unfairly low and that a full and fair process to sell the company so that shareholders received the highest price possible did not occur. If you would like a copy of the complaint along with information as to how you can join please contact toll free 1-877-772-3975

  • NEW YORK, April 8, 2014 /PRNewswire/ -- Tripp Levy PLLC a leading national securities law firm is investigating the Board of Directors of OBA Financial Services, Inc. ("OBA" or "the Company") (OBAF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to F.N.B. Financial Services, Inc. (FNB).

    Under the terms of the transaction, OBA shareholders will receive 1.781 shares of F.N.B. Corporation stock for each share of OBA common stock they own, representing approximately $23.56 per share. The investigation concerns whether the OBA Board of directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether F.N.B. Corporation is underpaying for OBA shares.

    If you own OBA common stock and would like further information regarding this matter at no cost or expense including how you may join with other shareholders seeking a higher price please contact us toll free at 1-877-772-3975 or visit our website at tripplevy. Attorney advertising

  • Weight Watchers Execs Dumped Personal Holdings Before Stock Plunge, Suit Says

    (CN) - Top executives at Weight Watchers International Inc. inflated stock prices before dumping their personal holdings in the company, shareholders claim in federal court.
    Artal Group S.A., a private equity company based in Luxembourg, is the controlling shareholder of Weight Watchers, according to the complaint. Artal, which acquired it from H.J. Heinz Company in 1999, owns 52 percent of the company's 55 million outstanding shares of common stock. Raymond Debbane is the company's CEO and also serves as Weight Watchers' chairman of the board.
    Lead plaintiff May Al Najjar sued Weight Watchers, Former CEO David Kirchhoff, current President and CEO James Chambers, former CFO Ann Sardini and current CFO Nicholas Hotchkin, along with Artal and Debbane, alleging the companies orchestrated a $720 million "modified Dutch auction" that allowed insiders to sell their personal stock at $82 per share.
    "Kirchhoff received gross proceeds on shares sold of approximately $6.5 million and Sardini received gross proceeds on shares sold of approximately $4.4 million," according to the complaint.
    According to the complaint, Kirchhoff "obliquely attributed the disappointed results to 'execution issues,'" causing stocks to plunge from $76.01 to $62.29 per share.
    if you would like a copy of the complaint along with information about this lawsuit, please contact law firm Tripp Levy PLLC at 1-877-772-3975

  • Tripp Levy PLLC a leading national securities law firm announces that Schawk Inc. was sued by a pension fund claiming a planned $577 million buyout by funeral-equipment maker Matthews International Inc. is unfair.

    The lawsuit alleges that the transaction favors a series of Schawk family trusts, which own 62 percent of the shares. Matthews, said it would buy Schawk, exchanging $11.80 in cash and 0.20582 Matthews share for each Schawk share.

    The case is Iron Workers Local 25 Pension Fund v. The Clarence W. Schawk 1998 Trust, CA9510, Delaware Chancery Court (Wilmington).

    If you would like a copy of the complaint along with an explanation of your rights as a shareholder please contact us toll free at 1-877-772-3975 or visit our website at tripplevy.

    Attorney advertising.

  • Tripp Levy PLLC announces that the preliminary proxy for the acquisition of Giant Interactive Group has been filed. The proxy sets forth the rights of shareholders and the details of the acquisition of the company by the company's chairman for only $12 per share. Shareholders will be forced to sell their shares at this price. Tripp Levy PLLC is a leading national securities law firm representing shareholders of Giant in connection with the buyout of their shares. If you would like further information regarding this buyout and how it affects your rights as a shareholder, please contact us at 1-877-772-3975 or visit our website at tripplevy
    Attorney advertising

  • March 31, 2014
    New York, New York

    Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Morgan's Foods on behalf of its shareholders. Morgan's Foods, Inc. (MRFD) announced that it has entered into a definitive agreement pursuant to which Apex Restaurant Management, Inc. will acquire Morgan's Foods for $5.00 per share, in cash.

    The investigation concerns whether the senior management and board of directors of Morgan's engaged in a full and fair auction and process to insure shareholders obtained the maximum value for their shares while not seeking personal benefits for themselves that shareholders would not receive.

    If you are a shareholder of Morgan's and would like additional information regarding this transaction and how it effects your rights as a shareholder at no cost or expense please contact us toll free at 1-877-772-3975 or visit our website at tripplevy. Attorney advertising.

  • Tripp Levy PLLC is investigating claims on behalf of investors of Schawk Inc. (“Schawk” or the “Company”) (NYSE: SGK), concerning the proposed acquisition of Schawk by Matthews International Corporation (“Matthews”) (NASDAQ: MATW). Schawk shareholders seeking more information about this acquisition are advised to contact us toll free at 1-877-772-3975 or visit our website at tripplevy.

    The investigation concerns whether the Schawk directors are breaching their fiduciary duties by failing to adequately pursue alternatives to the acquisition and maximize shareholder value. Under the terms of the definitive merger agreement, Schawk stockholders will receive $11.80 in cash and 0.20582 shares of Matthews’ common stock for each share of Schawk common stock they own, valuing the transaction at approximately $577 million. Based on Matthews’ closing price of $39.84 per share on March 14, 2014, the stock portion of the consideration is valued at $8.20 per share. However, the Price to Revenue multiple is below the averages of comparable transactions. Additionally, certain members of the Schawk family, who collectively own approximately 61% of the common stock of Schawk, have agreed to vote in favor of the proposed merger. Thus, non-affiliated shareholders effectively have no say in the outcome of the shareholder vote.

    Attorney Advertising

  • Tripp Levy PLLC reminds investors that they have until May 20, 2014 to file lead plaintiff applications in a securities class action lawsuit against Weight Watchers International, Inc. (WTW), if they purchased the Company's securities during the period between February 14, 2012 and October 30, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

    If you purchased shares of Weight Watchers and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-772-3975 or visit our website at tripplevy.

    Weight Watchers and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.

    These false statements and omissions included, in part, that: (i) Weight Watchers was experiencing execution issues which were causing it to miss its internally forecasted financial plan; (ii) Weight Watchers was experiencing a significant drop in its North America and United Kingdom meeting attendance figures; and (iii) Weight Watchers was facing increased competition from free weight-loss apps and its enrollment was being negatively impacted.

    On October 30, 2013, Weight Watchers admitted that steep declines in recruitment caused by a wave of free apps were undermining revenues, forcing the Company to indefinitely suspend the regular dividend it had paid to investors since 2006.

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