WILMINGTON, DE / ACCESSWIRE / December 2, 2019 / Rigrodsky & Long, P.A.:
- Do you own shares of SORL Auto Parts, Inc. (NASDAQ GM:SORL)?
- Did you purchase any of your shares prior to November 29, 2019?
- Do you think the proposed buyout is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors SORL Auto Parts, Inc. ("SORL" or the "Company") (NASDAQ GM: SORL) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Ruili International Inc., which was formed on behalf of a consortium consisting of certain directors and officers of SORL and Ruili Group Co., Ltd. (collectively, the "Consortium"). Under the terms of the agreement, shareholders of SORL will receive $4.72 in cash for each share of SORL they own.
If you own common stock of SORL and purchased any shares before November 29, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
SOURCE: Rigrodsky & Long, P.A.
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https://www.accesswire.com/568695/SORL-AUTO-PARTS-INC-SHAREHOLDER-ALERT-Rigrodsky-Long-PA-Announces-Investigation-Of-Buyout
