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The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Spectrum Con

^{Published on 2011-04-07 19:00:35 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of Spectrum Control, Inc. (Nasdaq: SPEC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to API Technologies Corporation (OTCBB: ATNY.OB). Under the terms of the proposed transaction, Spectrum shareholders will receive $20.00 per share for a total transaction value of approximately $270 million.

The investigation concerns whether the Spectrum Board of Directors breached their fiduciary duties to Spectrum stockholders by failing to adequately shop the Company before entering into this transaction and whether API Technologies is underpaying for Spectrum shares.

If you own common stock in Spectrum and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/spectrum-control-spec.html ].

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Abe Shainberg, Esq.
132 East 43rd Street, Suite 512
New York, NY 10017
Tel: (212) 425-7286
Fax: (866) 699.3880
Email: [ as@ashainberglaw.com ]