Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Friday, May 8, 2015
Faruqi & Faurqi Law Investigation: Quality Distribution, Inc.
QUALITY DISTRIBUTION, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Quality Distribution, Inc. Over the Proposed Sale of the Company to Apax Partners - QLTY
May 7, 2015 – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Quality Distribution, Inc. (“Quality Distribution” or the “Company”) (Nasdaq: QLTY) for potential breaches of fiduciary duties in connection with the sale of the Company to Apax Partners (“Apax”) for approximately $800 Million in an all-cash transaction. The Company’s stockholders will receive $16.00 for each share of Quality Distribution common stock they own. It is important to note that analysts have set price targets as high as $18.00 for a share of Quality Distribution.
The investigation focuses on whether Quality Distribution’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Quality Distribution’s shareholders.
If you own common stock in Quality Distribution and wish to obtain additional information and protect your investments free of charge, please contact F&F partner Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.