Levi & Korsinsky (“L&K”) is investigating possible breaches of fiduciary duty and other violations of state law by the board of directors of Cavalier Homes Inc.
New York, NY July 04, 2009 — Levi & Korsinsky (“L&K”) is investigating possible breaches of fiduciary duty and other violations of state law by the board of directors of Cavalier Homes Inc. (“Cavalier” or the “Company”) (AMEX: CAV) arising out of their attempt to sell the Company to Southern Energy Homes. Under the terms of the agreement, Cavalier shareholders will receive $2.75 in cash per share. The price is unfair given that the Company has $1.50 per share in cash, a book value of $2.99 per share and at least one analyst set a price target for Cavalier shares of $4.00 per share. The proposed acquisition is subject to customary conditions and regulatory approvals.
If you own common stock in Cavalier and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/cav1.html
Levi & Korsinsky has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About Levi & Korsinsky, LLP:
Levi & Korsinsky, LLP represents victims of securities fraud, mutual fund abuse, consumer fraud and ERISA violations. Our attorneys have acted as lead and co-lead counsel in numerous certified and putative class action cases recovering substantial compensation for the victims of corporate abuse, deceptive practices and defective products. The firm’s attorneys also have expertise in commercial contract disputes, real estate and collection law matters.
Contact:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Joseph Levi Esq.
30 Broad Street – 15th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
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Contact:
Joseph Levi
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
[email protected]
