Published: August 01, 2011
Weiss & Lurie Announces Class Action Suit Against China Security & Surveillance Technology, Inc.
NEW YORK - (BUSINESS WIRE) - Weiss & Lurie commenced a class action lawsuit on July 21, 2011, in the
U.S. District Court for the District of Delaware 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's 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.
If you wish to serve as lead plaintiff, you must move the Court no later
than 60 days from August 1, 2011. If you wish to discuss this action or
have any questions concerning this notice, please contact Richard
Acocelli or Joshua Rubin of Weiss & Lurie at 888-593-4771, via our website
or by e-mail at info@weisslurie.com.
Any member of the Class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and remain
an absent class member.
Weiss & Lurie has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have
recovered over a billion dollars for defrauded institutions and
individuals and obtained important corporate governance in these cases.
If you have information or would like legal advice concerning possible
corporate wrongdoing, consumer fraud, or anti-trust violations, please
email us at info@weisslurie.com
or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.
Weiss & Lurie
Richard Acocelli, Esq.
Joshua M. Rubin, Esq.
1500
Broadway, 16th Floor
New York, NY 10036
T: 212-682-3025
F:
212-682-3010
www.weisslurie.com
info@weisslurie.com
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