The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Possible Breaches of Fiduciary Duty by the Board of California Pizza
June 10 2011 - 10:09AM
Marketwired
Levi & Korsinsky notifies investors in California Pizza
Kitchen, Inc. ("CPK" or the "Company") (NASDAQ: CPKI) of claims of
possible breaches of fiduciary duty and other violations of state
law against the Company's Board of Directors in connection with the
sale of the Company to an affiliate of Golden Gate Capital. Under
the terms of the transaction, CPK shareholders will receive $18.50
in cash per share of CPK stock they own. The transaction has a
total value of approximately $470 million. A class action lawsuit
was commenced in Los Angeles Superior Court challenging the
fairness of the transaction.
Click here to learn how to join the action:
http://zlk.9nl.com/california-pizza-classaction, or call:
877-363-5972.
The claims concern whether the CPK Board of Directors breached
their fiduciary duties to CPK stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Golden Gate Capital is underpaying for CPK shares, thus unlawfully
harming CPK stockholders. In particular, at least one analyst set a
price target for CPK stock at $24.00 per share.
If you own common stock in CPK 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://zlk.9nl.com/california-pizza-classaction.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions 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.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
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