Levi & Korsinsky LLP Investigates Possible Breach of Fiduciary Duty by the Board of Allied Defense Group, Inc. (AMEX:ADG)

Levi & Korsinsky LLP announces that it is investigating potential claims against the board of directors of The Allied Defense Group, Inc. (AMEX:ADG) related to the Company’s agreement to be acquired by Chemring Group PLC, in an all-cash transaction valued at approximately $59 million.

The proposed transaction calls for Allied shareholders to receive $7.25 in cash for each share of Allied common stock they own. Levi & Korsinsky's investigation seeks to determine whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the Allied. Also, the investigation will focus on whether the Board of Directors may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction

If you own shares of The Allied, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Ed Korsinsky, Esq. at 212-363-7500 or via email at ek@zlk.com

Levi & Korsinsky LLP has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The law firm is headquartered in New York City with offices in Los Angeles, California and New Jersey.