Management Buyout of China TransInfo Technology Investigated by Tripp Levy PLLC

NEW YORK, Feb. 22, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, notifies investors of China TransInfo Technology Corp. (NASDAQ: CTFO)  of potential claims of breaches of fiduciary duty and other violations of state law against the board of directors of CTFO in connection with the potential sale of the company to its Chairman and CEO, Mr. Shudong Xia.  It was announced that Mr. Xia intends to acquire all of the outstanding common stock of CTFO that he does not currently own for $5.65 per share in cash. He currently owns 27.8%, of the outstanding shares of common stock of CTFO.

The investigation concerns whether the CTFOs Board of Directors, as well as Mr. Xia breached their fiduciary duties to stockholders by failing to adequately shop the company and whether Mr. Xia is underpaying for CTFO's shares, thus unlawfully harming stockholders.

If you own CTFO's common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: [email protected]

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE Tripp Levy PLLC