Attorney Advertising. Notice is hereby given that Stull, Stull & Brody
has commenced an investigation on behalf of shareholders of The Allied
Defense Group, Inc. ("Allied” or the "Company”) (NYSE: ADG) for possible
breaches of fiduciary duty and other violations of state law in
connection with an agreement by the Company’s Board of Directors to
allow the Company to be acquired by Chemring Group PLC. ("Chemring”) for
approximately $58.67 million in an all-cash transaction.
Allied announced on January 19, 2010 that it has entered into a
definitive agreement to be acquired by Chemring for $7.25 per share in
cash. The current investigation concerns the price to be paid to
Allied’s shareholders and the process by which Allied’s Board of
Directors is addressing the transaction, including whether the Company’s
Board of Directors breached its fiduciary duties to the Company’s
shareholders by agreeing to sell the Company at an unfair price and
whether management of Allied may be benefiting unlawfully at the expense
of Allied’s public shareholders.
If you own the common stock of Allied and wish to obtain additional
information about this matter, please contact Aaron Brody, Esq. or Jason
D’Agnenica, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or
1-212-687-7230, or by email to adg@ssbny.com
or by writing to Stull, Stull & Brody, 6 East 45th
Street, New York, NY 10017. Stull, Stull & Brody has litigated many
class actions for violations of securities laws and breaches of
fiduciary duty on behalf of defrauded investors over the past 40 years
and has obtained court approval of substantial settlements on numerous
occasions. Stull, Stull & Brody has offices in New York and Los Angeles.
Attorney advertising. Prior results do not guarantee a similar outcome.