Faruqi & Faruqi, LLP is Investigating the Board of Directors of Peerless Systems Corp. (PRLS) in Connection to the Proposed S...
January 20 2015 - 4:41PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Peerless Systems Corp.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Peerless Systems Corp.
(“Peerless Systems” or the “Company”) (NasdaqCM:PRLS) for potential
breaches of fiduciary duties in connection with the sale of the
Company to Mobius Acquisition, LLC (“Mobius”). The Company’s
stockholders will only receive $7.00 for each share of Peerless
Systems common stock they own.
Click here for more information:
www.faruqilaw.com/PRLS. There is no cost or obligation to
you.
The investigation focuses on whether Peerless Systems’ Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Peerless Systems’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
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If you own common stock in Peerless Systems and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/PRLS or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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