Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by members of the Board of Directors of CPI International, Inc. (NASDAQ: CPII) arising from the proposed sale of CPI to private equity firm Veritas Capital.
Under the terms of the transaction, CPI shareholders will receive $19.50 in cash for each share of CPI stock they hold. The total value of the transaction is approximately $525 million, including debt.
Weiss & Lurie is investigating whether CPI’s Board acted in the best interests of shareholders in approving the proposed transaction and whether CPI’s Board properly sought to maximize shareholder value.
If you own common stock in CPI and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at email@example.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.
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