NEW YORK, NY -- (Marketwire) -- 11/15/11 -- Levi & Korsinsky notifies investors of Force Protection, Inc. ("Force Protection" or the "Company") (NASDAQ: FRPT) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to General Dynamics Corporation (NYSE: GD). Under the terms of the transaction, Force Protection shareholders will receive $5.52 for each share of Force Protection stock they own. The transaction has a total approximate value of $360 million. A complaint was filed in Nevada state court.
Click here to learn how to join the action: http://zlk.9nl.com/force-protection, or call: 877-363-5972.
The claims concern whether the Force Protection Board of Directors breached their fiduciary duties to Force Protection stockholders by failing to adequately shop the Company before entering into this transaction and whether General Dynamics Corporation is underpaying for Force Protection shares, thus unlawfully harming Force Protection stockholders. In particular, at least one analyst set a price target of $8.00 per Force Protection share and Force Protection stock traded as high as $5.73 per share as recently as February 2011.
If you own common stock in Force Protection and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com/force-protection-frpt.html.
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171