Law firm Komlossy Law investigates Mod-Pac buyout by its CEO, president and affiliates for possible breaches of fiduciary duty and other violations, including whether transaction is fair to shareholders with respect to price, process, disclosure
April 22, 2013
– Komlossy Law, P.A. is investigating the Board of Directors of MOD-PAC Corp. ("MP" or the "Company") MPAC -0.22% for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to the Company's President, Chief Executive Officer and affiliates. Pursuant to the terms of the proposed transaction, MP shareholders are to receive $8.40 in cash for each share.
The investigation involves whether the Board of Directors of MP breached their fiduciary duties to stockholders by favoring the interests of the President of the Company and his affiliates in the proposed acquisition, and whether the transaction is fair to shareholders with respect to price, process and disclosure of all material information.
If you own MP stock and wish to obtain additional information about your rights as a shareholder, or if you have information about the above investigation, please contact Emily C. Komlossy, Esq. via email at firstname.lastname@example.org or by telephone toll free at (855) 858-1233.
Komlossy Law, P.A. represents shareholders in complex litigation, including class action and derivative litigation. Komlossy Law, P.A. may co-counsel with another firm, or refer a case to another firm. More information is available through its website, www.komlossylaw.com, and upon request from the firm. Emily C. Komlossy is the attorney responsible for the content of this release.
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