NEW YORK, May 2, 2012 /PRNewswire/ -- Levi & Korsinsky notifies investors of P.F. Chang's China Bistro, Inc. ("P.F. Chang's") (Nasdaq: PFCB) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Centerbridge Partners, L.P. Under the terms of the transaction, P.F. Chang's shareholders will receive $51.50 per share of P.F. Chang's stock they own. The transaction has a value of approximately $1.1 billion.
Click here to learn how to join the action: http://www.zlk.com/pf-changs-china-bistro-pfcb, or call: 877-363-5972. There is no cost or obligation to you.
The investigation concerns whether the P.F. Chang's Board of Directors breached their fiduciary duties to P.F. Chang's stockholders by failing to adequately shop the Company before entering into this transaction and whether Centerbridge Partners, L.P. is underpaying for P.F. Chang's shares, thus unlawfully harming P.F. Chang's stockholders.
If you own common stock in P.F. Chang's and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP