NEW YORK--(BUSINESS WIRE)--The Law Office of Joseph Klein is investigating the Board of Directors of China Fire & Security Group (Nasdaq: CFSG) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a proposal from a private equity firm to purchase all outstanding shares of China Fire stock for cash. According to the proposal, the private equity firm is willing to structure the proposed acquisition to allow the existing members of the Company's management to exchange all or part of their equity interests in the Company into equity securities in the post-acquisition company.
The investigation concerns whether the China Fire Board of Directors is breaching their fiduciary duties to China Fire stockholders by failing to take the necessary steps to maximize shareholder value.
If you own common stock in China Fire and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/china-fire-security.html.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.