Tag Archives: MPAC

Business, Finance, Occupation & Industry

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

MOD-PAC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Going Private Agreeme

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By Business Wirevia The Motley Fool

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MOD-PAC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Going Private Agreement

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of MOD-PAC Corp. (“MPAC“) (NasdaqGM: MPAC) to Kevin T. Keane, Chairman of the company, and Daniel G. Keane, President and Chief Executive Office, and their affiliates and associates for shareholders. Under the terms of the proposed going private deal, MPAC shareholders will only receive $8.40 in cash for each share of MPAC stock owned.

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 zach@powerstaylor.com. There is no cost or fee to you.

The MPAC sale investigation centers on whether MPAC‘s shareholders are receiving adequate compensation for their shares in the proposed going private deal, whether the transaction undervalues MPAC‘s stock, and whether MPAC‘s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “due to the relationship of the parties, the lack of a significant premium and other factors, we believe this transaction may undervalue MPAC‘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.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

KEYWORDS:   United States  North America  Texas

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From: http://www.dailyfinance.com/2013/04/11/mod-pac-shareholder-alert-briscoe-law-firm-and-pow/

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-/