Law Offices of Marc S. Henzel Commences Investigations of Breeze-Eastern Corporation, Liberator Medical Holdings, Inc., Starwood Hotels & Resorts Worldwide Inc., Checkpoint Systems, Inc., Capstone Turbine Corp., Flotek Industries, Inc., Marchex, Inc. and Starz.

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Nov 23, 2015, 09:11 ET

MERION STATION, Pa., Nov. 23, 2015 /PRNewswire/ --

Breeze-Eastern Corporation (NYSE-MKT: BZC)

The firm is investigating potential claims against the board of directors of Breeze-Eastern Corporation (BZC) concerning the proposed acquisition of the Company by TransDigm Group Incorporated.

Under the terms of the offer, TransDigm would acquire Breeze-Eastern in a transaction valued at approximately $206 million. Pursuant to the deal, Breeze-Eastern stockholders would receive $19.61 per share in cash. The offer price constitutes a discount of 6.6% below Breeze-Eastern's closing price the before announcement of the transaction.

If you would like to learn more about the investigation or you wish to discuss this matter, please contact Marc S. Henzel (610) 660-8000, email at [email protected], or visit the firms website at www.henzellaw.com.

Liberator Medical Holdings, Inc. (NYSE-MKT: LBMH)

The Law Office is investigating claims on behalf of investors in Liberator Medical Holdings, Inc. ("Liberator Medical") (LBMH), concerning the proposed acquisition of Liberator Medical by C.R. Bard, Inc. (BCR).

The investigation concerns whether Liberator Medical's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, Liberator Medical's shareholders will receive $3.35 per share in cash for each Liberator Medical share they own. However, the offer price is below the 52-week high of $3.87 per share and below an analyst price target of $8.00 per share.

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT)

The Law Office s investigating the Board of Directors of Starwood Hotels & Resorts Worldwide Inc. ("Starwood" or the "Company") (HOT) for potential breaches of fiduciary duties in connection with the sale of the Company to Marriott International, Inc. for approximately $12.2 billion.

The Company's stockholders will only receive $2.00 in cash and 0.92 shares of Marriott International, Inc. for each share of Company common stock they own, or approximately $69.82 per share. However, at least one analyst has set a price target for Starwood stock at $96.00 per share.

Checkpoint Systems, Inc. (NYSE: CKP)

The Law Office is investigating Checkpoint Systems, Inc. concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors. On November 3, 2015, Checkpoint filed a Form 8-K with the SEC ("November 3 8-K"), including an Item 4.02(a), Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review, in which it announced that it had discovered errors attributable to the accounting for the quarterly income tax provisions in its recently reported financial results.

Checkpoint's common stock price plunged in reaction to this news, its closing price falling by $1.73 per share, or 22%, between November 3, 2015 and November 4, 2015.

Capstone Turbine Corp. (Nasdaq: CPST)

The Law Office is investigating Capstone Turbine Corp. (CPST) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.

On October 1, 2015, Capstone announced its preliminary second quarter financial results, stating that its earnings for the quarter were "notably below management's expectations and analysts' consensus estimates as continued headwinds in the oil and gas market and a strong U.S. dollar delayed orders and shipments in the quarter." The Company also stated that it had "received no significant payments from its Russian distributor, who until recently was one of [Capstone's] largest customers." Then on November 5, 2015, after the market closed, Capstone announced its second quarter results, including a net loss of $7.9 million or $0.02 per share for the quarter. On this news, Capstone shares, which had traded at close to $50 per share in March 2014, closed at $0.20 per share on November 6, 2015.

Flotek Industries, Inc. (NYSE: FTK)

The Law Office is investigating Flotek Industries, Inc. (NYSE: FTK) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors. According to a complaint filed, defendants issued false and/or misleading statements to investors and failed to disclose that: (i) Flotek's proprietary software application had data and processing errors; (ii) the reported production data from FracMax for three of the wells in the Company's New York City Investor Presentation on September 11, 2015 was inaccurate; and (iii) an application from the Company claiming to be available in the Apple iTunes Store does not work. As a result of defendants' false and misleading statements and omissions during the Class Period, Flotek securities traded at artificially inflated prices, with its stock reaching over $23 per share.

Marchex, Inc. (Nasdaq: MCHX)

The Law Office is investigating Marchex, Inc. (Nasdaq: MCHX) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors. According to a complaint filed, defendants issued materially false and misleading statements and/or failed to disclose adverse information regarding the Company's business and products, including that Allstate was seeking to switch its business with Marchex to a fixed-fee basis from payments made for each call, which, contrary to defendants' Class Period guidance, would negatively impact Marchex's revenue. As a result of defendants' false and misleading statements and omissions, Marchex shares traded at artificially inflated prices during the Class Period, reaching a high of over $12 per share.

Starz (Nasdaq: STRZA)

The Law Office is investigating Starz (Nasdaq: STRZA) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors. According to a complaint filed, defendants issued materially false and misleading statements and/or failed to disclose adverse information regarding Starz's business and prospects, including, among other things, that Starz's contract with Comcast Corporation was a result of illicit business practices. As a result of defendants' false and misleading statements and/or omissions, Starz's securities traded at artificially inflated prices during the Class Period, with the price of its Series A stock reaching $45.70 per share and the price of its Series B stock reaching $44.86 per share.

The Law Offices of Marc S. Henzel is a national shareholder litigation firm representing shareholders & investors in various areas of securities laws including but not limited to; class actions, derivatives, transactional (buyouts/mergers/acquisitions) and FINRA & NYSE Arbitrations.

Attorney advertising. © 2015 Law Offices of Marc S. Henzel. The law firm responsible for this advertisement is Marc S. Henzel. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:
Law Offices of Marc S. Henzel
Marc S. Henzel
Email: [email protected]
Phone 610-660-8000
Website: www.henzellaw.com.

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