WILMINGTON, Del., Aug. 25, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of China Housing & Land Development, Inc. (NASDAQ CM: CHLN)?
- Did you purchase any of your shares prior to August 25, 2014?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of China Housing & Land Development, Inc. ("China Housing" or the "Company") (NASDAQ CM: CHLN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's approval of a going private transaction (the "Transaction").
Click here to learn more: http://www.rigrodskylong.com/investigations/china-housing-land-development-inc-chln.
The Transaction would include a reverse stock split shares of the Company's common stock, whereby every 50,000 shares of its common stock issued and outstanding will be converted into one whole share of its common stock. In lieu of issuing any fractional shares to stockholders as a result of the Reverse Stock Split, the Company will make a cash payment equal to $1.75 per pre-reverse stock split share to such stockholders.
If you own the common stock of China Housing and purchased your shares before August 25, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/china-housing-land-development-inc-chln.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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SOURCE Rigrodsky & Long, P.A.