DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential legal claims against the Board of Directors of Giant Interactive Group, Inc. (“Giant Interactive”) (NYSE: GA) related to a going private proposal by the Company’s Chairman, Yuzhu Shi, and an affiliate of Baring Private Equity Asia for shareholders. Under the terms of the proposal, GA American depository share shareholders will only receive $11.75 in cash for each Giant Interactive American depositary share owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.
According to shareholder rights attorney Willie Briscoe, “the investigation relates to the fairness of the proposed transaction to Giant Interactive shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders. In addition, the firms are actively investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Giant Interactive in connection with the potential approval of this transaction, and whether Giant Interactive’s Board of Directors is acting in the shareholders’ best interests.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.