The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Hawk Corporation in Connection with the Sale of the Company to Carlisle Companies, Inc. – HWK

The Law Office of Abe Shainberg is investigating the Board of Directors of Hawk Corporation (AMEX:HWK) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Carlisle Companies, Inc. (NYSE:CSL). Under the terms of the proposed transaction, Hawk shareholders will receive $50.00 per share in cash which implies an enterprise value of approximately $410 million. Ronald Weinberg, Hawk's chairman and CEO, along with directors Norman Harbert and Byron Krantz, who collectively hold approximately 34% of Hawk's outstanding common stock, have entered into agreements with Carlisle to tender their shares.

The transaction is expected to be accretive to Carlisle in the first year. The investigation concerns whether the Hawk Board of Directors breached their fiduciary duties to Hawk stockholders by failing to adequately shop the Company before entering into this transaction and whether Carlisle is underpaying for Hawk shares. The offer price represents virtually no premium over the $49.99 share price that Hawk shares traded at as recently as October 12, 2010.

If you own common stock in Hawk and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/hawk-hwk.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.