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The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Vaughan Foods, Inc.
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Vaughan Foods, Inc. (aVaughana or the aCompanya) (OTC: FOOD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Resera™s Fine Foods, Inc. Under the terms of the transaction, Vaughan will become a subsidiary of Resera™s Fine Foods, Inc., with Vaughan stockholders receiving $1.58 per share of Vaughan stock they own. The transaction has a total approximate value of $18.25 million in cash.
Click here to learn how to join the action: [ http://www.zlk.com/vaughan-foods-food ], or call: 877-363-5972.
The investigation concerns whether the Vaughan Board of Directors breached their fiduciary duties to Vaughan stockholders by failing to adequately shop the Company before entering into this transaction and whether Resera™s Fine Foods, Inc. is underpaying for Vaughan shares, thus unlawfully harming Vaughan stockholders.
If you own common stock in Vaughan 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://www.zlk.com/ ].
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
