House & Home
Tue, April 10, 2012
LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Zhongpin Inc. (aZhongpina or the aCompanya) (NASDAQ: HOGS) related to the proposed acquisition of the Company by Mr. Xianfu Zhu, Zhongpinas Chairman and Chief Executive Officer. Zhu currently holds 17.5% of the Companyas stock, and has offered to purchase all remaining shares for $13.50 each.
This investigation concerns the Board of Directorsa process for consideration of the proposed acquisition, and whether Zhongpin is acting in its shareholdersa best interests. Further, on April 4, 2012, the United States Securities and Exchange Commission filed an action against the Companyas directors for insider trading in connection with the proposed acquisition.
If you are a shareholder of Zhongpin, if you have information or would like to learn more about our investigation, 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 Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to [ shareholders@glancylaw.com ].
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