Flanders Corporation Merger Litigation (OTC: FLDR.PK)
Law Office of Brodsky & Smith, LLC Announces Investigation of Flanders Corporation
BALA CYNWYD, March 20, 2012/PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Flanders Corporation (“Flanders” or the “Company”) (OTC- FLDR.PK-News) relating to the proposed acquisition Insight Equity Holdings, LLC (“Insight”).
Under the terms of the transaction, Flanders shareholders would receive only $4.40 in cash for each share of Flanders stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Flanders for not acting in the Company’s shareholders' best interests in connection with the sale process to Insight. For example, some members of Flanders senior management have executed agreements to vote their shares in favor of the transaction.
If you own shares of Flanders stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org or by calling toll free 877-LEGAL-90.
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