SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

April 28, 2014 16:36 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty Against the Board of Morgan's Foods Inc. in Connection With Sale of Company to Apex Restaurant Management, Inc.

NEW YORK, NY--(Marketwired - Apr 28, 2014) - Levi & Korsinsky notifies investors of Morgan's Foods Inc. ("Morgan's Foods" or the "Company") (OTCQB: MRFD) 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 Apex Restaurant Management, Inc. A complaint was filed in Ohio state court.
Click here to learn more about the case http://zlk.9nl.com/morgans-foods-mrfd, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Morgan's Foods shareholders will receive $5.00 in cash for each share of Morgan's Foods stock they own. The claims concern whether the Morgan's Foods Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Apex Restaurant Management, Inc. is underpaying for Morgan's Foods shares.

If you own Morgan's Foods common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/morgans-foods-mrfd.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510
    www.zlk.com