NEW YORK, May 22, 2015 /PRNewswire/ -- 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 Frisch's Restaurants, Inc. ("Frisch's" or the "Company") (NYSE MKT: FRS) for potential breaches of fiduciary duties in connection with the sale of the Company to an NRD Partners I, L.P. affiliate for approximately $175 million. The Company's stockholders will only receive $34.00 for each share of Frisch's common stock they own.
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The investigation focuses on whether Frisch'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 Frisch's shareholders.
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If you own common stock in Frisch's and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FRS or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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