House and HomeHouse and Home
Thu, October 4, 2012
[ Thu, Oct 04th 2012 ] - Market Wire
Beam Declares Regular Dividend
[ Thu, Oct 04th 2012 ] - Market Wire
Galena Appoints New Director
[ Thu, Oct 04th 2012 ] - Market Wire
Spanish tax settlement

The Law Firm of Levi &;; Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board


Published on 2012-10-04 08:18:15 - Market Wire
  Print publication without navigation


NEW YORK--([ ])--Levi & Korsinsky is investigating the Board of Directors of FeiheInternational, Inc. (aFeiheInternationala or the aCompanya) (NYSE: ADY) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to You-Bin Leng, the Companyas Chairman and Chief Executive Officer, and an affiliate of Morgan Stanley Private Equity Asia.

Click here to learn how to join the action: [ http://zlk.9nl.com/feihe-international-ady/ ], or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the proposed transaction, Feihe International shareholders would receive $7.40 for each share of Feihe International they own. Leng currently owns 45.34% of the Companyas common stock. The investigation concerns, among other things, whether the consideration to be paid to Feihe International shareholders is unfair, inadequate, and substantially below the fair or inherent value of Feihe International, and whether Leng is taking advantage of his position as a controlling shareholder in order to purchase the Company at an unfair price. Feihe International stock has a reported book value of $9.54 per share for the most recent quarter.

If you own common stock in Feihe International 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 [ http://zlk.9nl.com/feihe-international-ady/ ].

Levi & Korsinsky is a national firm with offices in New York 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.