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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

INDUSTRY KEYWORDS:

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/

By Business Wirevia The Motley Fool

Filed under: Investing

Law Firm Brower Piven Announces Investigation of Hot Topic, Inc. Going Private Transaction

STEVENSON, Md.–(BUSINESS WIRE)– The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Hot Topic, Inc. (“Hot Topic” or the “Company”) (NAS: HOTT) and other violations of state law by the board of directors of Hot Topic relating to the proposed acquisition of the Company by private equity firm Sycamore Partners. The firm’s investigation seeks to determine, among other things, whether Hot Topic‘s board of directors breached their fiduciary duties by failing to maximize shareholder value.

As stated in the press release announcing the proposed transaction, Hot Topic shareholders will receive $14.00 in cash for each share of Hot Topic they own. The transaction is currently being valued at $600 million. According to Yahoo! Finance, the high analyst price target is $16.40 per Hot Topic share.

If you currently own common stock of Hot Topic and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com

KEYWORDS: United States North America Maryland

INDUSTRY KEYWORDS:

The article Law Firm Brower Piven Announces Investigation of Hot Topic, Inc. Going Private Transaction originally appeared on Fool.com.

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