China Security & Surveillance Technology Securities Faces Shareholder Lawsuit

- by

New York, NY: A securities class action lawsuit has been filed on behalf of all persons who hold shares of China Security & Surveillance Technology, Inc. (NYSE: CSR) against CSR and its board of directors for violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 in connection with the proposed acquisition of CSR by Rightmark Holdings Limited, a wholly owned subsidiary of Guoshen Tu, CSR' Chairman and CEO for $6.50 per CSR share (the "Proposed Acquisition").

The complaint alleges that, in an attempt to secure shareholder approval of the Proposed Acquisition, defendants filed a materially misleading Preliminary Proxy Statement, which omitted and/or misrepresented information that CSR shareholders would find material in making an informed decision as to whether or not to vote in favor of the Proposed Acquisition. The complaint further alleges that certain of the defendants breached, or aided and abetted the other defendants' breaches of their fiduciary duties.

China Security & Surveillance Technology Securities Lawsuit Legal Help

If you or a loved one has suffered damages in this case, please fill in our form on the right and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.

Maybe it's your stockbroker

Add Your Comment on This Issue

Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.

*Your Comment:
Request Legal Help