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Harwood Feffer LLP Announces Investigation of DEI Holdings, Inc.

  //house-home.news-articles.net/content/2011/05/1 .. announces-investigation-of-dei-holdings-inc.html
  Published in House and Home on Monday, May 16th 2011 at 13:05 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Harwood Feffer LLP ([ www.hfesq.com ]) is investigating potential claims against the board of directors of DEI Holdings, Inc. (aDEIa) (Pink Sheets: DEIX) for possible breaches of fiduciary duty and other violations of state law in connection with DEIa™s entry into a definitive merger agreement to be acquired by funds affiliated with Charlesbank Capital Partners. Under the terms of the merger agreement, holders of outstanding shares of DEI common stock will receive between $3.79 and $3.81 per share in cash. The merger agreement has been unanimously approved by the full board of directors of DEI.

Our investigation concerns whether the board of directors of DEI breached their fiduciary duties of good care, good faith and entire fairness owed to DEIa™s stockholders by unanimously approving the merger agreement without undertaking an adequate process to obtain fair consideration for all of DEIa™s stockholders.

If you own shares of DEI common stock and would like to learn more about these claims or if you wish to discuss this matter and have any questions or information concerning this announcement, please contact Robert I. Harwood, Esq. at [ rharwood@hfesq.com ] or Craig Lowther at [ clowther@hfesq.com ]. You may also call them at (212) 935-7400. For more information about class actions, or to sign up online, please visit our website: [ www.hfesq.com ].

Harwood Feffer LLP is a national shareholder litigation firm. Harwood Feffer LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP ([ www.hfesq.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter.