Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating potential legal claims against the
Board of Directors of China Housing and Land Development, Inc. (“China
Housing” or the “Company”) (NasdaqCM: CHLN) related to the approval to
take the company private. Under the terms of the deal, there would be a
reverse stock split of the Company’s common stock, where every 50,000
shares of its common stock issued and outstanding will be converted into
one whole share of its common stock. Additionally, as opposed to issuing
any fractional shares to stockholders due to the Reverse Stock Split,
the Company will make a cash payment equal to $1.75 per pre-reverse
stock split share to such stockholders.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at email@example.com.
There is no cost or fee to you.
According to shareholder rights attorney Willie Briscoe, “The
investigation relates to the fairness of the proposed transaction to
China Housing shareholders and whether the Board of Directors is
adequately shopping the company in order to obtain the best possible
price for the shareholders. In addition, the firms are actively
investigating possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of China Housing in connection
with the potential approval of this transaction, and whether China
Housing’s Board of Directors is acting in the shareholders’ best
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Patrick Powers, 877-728-9607
Source: Powers Taylor, LLP