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 and Lead Plaintiff Deadline: March 13, 2017 - EconoTimes)
NEW YORK, Jan. 16, 2017 -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Synutra International, Inc. (“Synutra” or the “Company”) (NASDAQ:SYUT) and certain of its officers, and is on behalf of a class consisting of all persons or entities who are or will be damaged by a vote approving a proposed transaction (the “Proposed Transaction”, the “Class”) pursuant to which Synutra will be acquired by Liang Zang (“Zang”), its founder, the chairman of its board and its controlling shareholder, through Beams Power Investment Limited (“Beams”), an entity owned by his wife. Such investors are advised to join this case by visiting the firm’s site: www.bgandg.com/syut.
The Complaint asserts pursuant to Section 14(a) of the 1934 Act and for breaches of fiduciary duty alleging that the Preliminary Proxy Statement (the “Proxy”) filed on December 9, 2016 with the SEC, a final version of that will be used to lobby shareholder support of the Proposed Transaction, contains materially false and misleading information.
Specifically, the Complaint alleges that the Proxy omits material information about Synutra’s forecasts, its operating income, its unlevered free cash flow, its profits per share, its free cash flow per share, and that the description of the fairness analysis Synutra’s investment advisor fails to disclose material information and is based upon a market multiples analysis of companies which purport to be peer companies, but are not traded on a U.S. exchange, unlike the Company which trades on the NASDAQ.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/syut or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Synutra you have until March 13, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | [email protected]
