Tag Archives: Buyer Group

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Rigrodsky & Long, P.A. Announces Investigation Of MOD-PAC Corp. Buyout

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By Business Wirevia The Motley Fool

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Rigrodsky & Long, P.A. Announces Investigation Of MOD-PAC Corp. Buyout

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you own shares of MOD-PAC Corp. (NASDAQ GM: MPAC )?
  • Did you purchase any of your shares prior to April 11, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of MOD-PAC Corp. (“MOD-PAC” or the “Company”) (NASDAQ GM: MPAC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by a group consisting of the Company’s President and Chief Executive Officer, Daniel G. Keane, and its Chairman of the Board, Kevin T. Keane, and their affiliates and associates (the “Buyer Group“).

Click here to learn more: http://www.rigrodskylong.com/investigations/mod-pac-corp-mpac-buyout.

Under the terms of the agreement, the Company’s shareholders, excluding the Buyer Group, will receive $8.40 per share in cash for each share of MOD-PAC they own.

The investigation concerns whether MOD-PAC’s board of directors failed to adequately shop the Company and obtain the best possible value for MOD-PAC’s shareholders before entering into an agreement with the Buyer Group.

If you own the common stock of MOD-PAC and purchased your shares before April 11, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone

From: http://www.dailyfinance.com/2013/04/13/rigrodsky-long-pa-announces-investigation-of-mod-p/

Business, Finance, Occupation & Industry

Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company's C

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By Business Wirevia The Motley Fool

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Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company’s Chairman and CEO

NEW YORK–(BUSINESS WIRE)– The law firm of Wohl & Fruchter LLP has commenced an investigation into whether the directors of MOD-PAC Corp. (NAS: MPAC) (MOD-PAC) breached their fiduciary duties to shareholders by approving an agreement to sell the Company to its Chairman and CEO.

On April 11, 2013, MOD-PAC announced that the Company’s board of directors had approved an agreement for Kevin T. Keane, Chairman of the Company, and Daniel G. Keane, President and Chief Executive Officer of the Company, and their affiliates and associates (Buyer Group) to acquire the Company for $8.40/share in cash.

The members of the Buyer Group are the beneficial owners of approximately 18.7% of the Company’s outstanding Common Stock and approximately 51.9% of the Company’s outstanding Class B Common Stock, which together represent approximately 41.0% of the voting power of the Company’s stock.

Wohl & Fruchter’s investigation concerns the fairness of the process used to approve the transaction, and whether approval of the transaction was improperly motivated by conflicts of interest.

Additional information is available at http://www.wohlfruchter.com/cases/mpac.

Persons with relevant information, and MPAC shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140, or contacting the attorney below.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658
Wohl & Fruchter LLP
570 Lexington Avenue
New York, NY 10022
www.wohlfruchter.com

This release may be deemed to constitute attorney advertising.

Wohl & Fruchter LLP
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658

KEYWORDS:   United States  North America  New York

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The article Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company’s Chairman and CEO originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/11/law-firm-of-wohl-fruchter-commences-investigation-/

Business, Finance, Occupation & Industry

SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces an Investigation of the Board of

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By Business Wirevia The Motley Fool

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SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces an Investigation of the Board of MOD-PAC Corp. in Connection with a Going Private Transaction

NEW YORK–(BUSINESS WIRE)– Levi & Korsinsky is investigating the Board of Directors of MOD-PAC Corp. (“MOD-PAC” or the “Company”) (NasdaqGM: MPAC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Daniel G. Keane, the Company’s President and CEO, Chairman Kevin T. Keane, and their affiliates and associates.

Click here to learn more about the investigation: http://zlk.9nl.com/modpac-mpac/, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, MOD-PAC shareholders—excluding the Buyer Group–will receive $8.40 in cash for each share of MOD-PAC Common Stock and Class B stock they own. The investigation concerns, among other things, whether the consideration to be paid to MOD-PAC shareholders is unfair, inadequate, and substantially below the fair or inherent value of MOD-PAC, and whether the President and Chairman are taking advantage of their positions as Board members and shareholders of an aggregate 41% of MOD-PAC voting power in order to purchase the Company at an unfair price. In particular, MOD-PAC has traded above the offer price as recently as March 13, 2013.

If you own common stock in MOD-PAC 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/modpac-mpac/.

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.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
www.zlk.com

KEYWORDS:   United States  North America  New York

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The article SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky,

From: http://www.dailyfinance.com/2013/04/11/shareholder-alert-the-law-firm-of-levi-korsinsky-l/