Keller Rohrback L.L.P. Investigates Advant-e Corporation Stock Valuation on Reverse Split
Attorneys at Keller Rohrback L.L.P are investigating the adequacy of the actions of the Advant-e Corporation’s (ADVC) Board of Directors when they set the price of shares at $0.50 in a recently announced reverse stock split.
The Advant-e Corporation’s Board of Directors recently announced a company action to implement a 1 for 10,000 share reverse stock split and mandatory cash out of fractional shares at $0.50 per share on a pre-split basis to be followed by a 1,000 for 1 forward stock split.
Our investigation focuses on whether the Advant-e Corporation’s Board of Directors fulfilled its fiduciary obligations to Advant-e Corporation and its shareholders in implementing this transaction. In particular, we are investigating the sufficiency of the $0.50 per share amount, and the adequacy of the steps taken by the Board of Directors in considering this transaction.
Keller Rohrback L.L.P. is committed to helping investors recover losses due to breaches of fiduciary duty. If you are an Advant-e Corporation shareholder and are concerned about your loss of investment, contact attorneys Gary Gotto or Gary Greenwald at (800) 776-6044 or via email at to learn more about our investigation.
Keller Rohrback L.L.P. is one of America’s leading class action firms handling cases for over two decades. With offices in New York, Seattle, Phoenix, Ronan, Oakland, and Santa Barbara, Keller Rohrback L.L.P. serves as lead and co-lead counsel in class actions throughout the country. Our Complex Litigation Group is proud to offer its expertise to clients nationwide, and our trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.