AsiaInfo-Linkage, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Consortium Led by CITIC Capital Partners
May 13, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of AsiaInfo-Linkage, Inc. (“AsiaInfo-Linkage” or the “Company”) (NASDAQ: ASIA) breached its fiduciary duty to its shareholders in agreeing to sell AsiaInfo-Linkage to a private investor consortium led by CITIC Capital Partners.
Under the terms of the agreement, AsiaInfo-Linkage shareholders will receive $12.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to AsiaInfo-Linkage shareholders and the process by which the AsiaInfo-Linkage Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.