Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Meade Instruments Corp. (“Meade”) (MEAD) to JOC North America LLC for shareholders. Under the terms of the proposed sale valued at approximately $4.5 million, Meade shareholders will only receive $3.45 in cash for each share of Meade stock owned, well below the 52-week high of $3.75 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The Meade sale investigation centers on whether Meade’s shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Meade’s stock, and whether Meade’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Patrick Powers noted that, “Due to the company’s historical trading, the size of the deal, the lack of a significant premium and other factors, we believe this transaction may undervalue Meade’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.