California Pizza Kitchen, Inc. Merger Litigation (Nasdaq: CPKI)
Law Office of Brodsky & Smith, LLC Announces Investigation of California Pizza Kitchen, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of California Pizza Kitchen, Inc. (“CPK” or the “Company”) (Nasdaq - CPKI- News) relating to the proposed acquisition by an affiliate of Golden Gate Capital (“Golden Gate”).
Under the terms of the transaction CPK shareholders would receive $18.50 in cash for each share CPK stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of CPK for not acting in the Company’s shareholders' best interests in connection with the sale process to Golden Gate. The transaction may undervalue CPK as CPK stock at $21.30 on April 23, 2010 and an analyst has set a price target of $24.00 for the Company.
If you own shares of CPK 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 investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
To Join the California Pizza Kitchen, Inc. Litigation
-
Fill out this form
View Complaint
The complaint is unavailable at this time
Join Other Cases
Frequently Asked Questions