NEW YORK, June 21, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of C&D Technologies, Inc for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a going private proposal from affiliates of Angelo, Gordon, & Co., LP, which owns approximately 65% of the Company's common stock. Under the terms of the proposal, C&D Technologies shareholders will receive $9.50 in cash for each share of common stock they own.
Click here to learn how to join the action: http://zlk.9nl.com/CD-Technologies-CHHP, or call: 877-363-5972.
The investigation concerns whether the C&D Technologies Board of Directors is adequately shopping the Company and taking the necessary steps to obtain the best possible price for C&D Technologies shareholders.
If you own common stock in C&D Technologies 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/CD-Technologies-CHHP.
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