Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company's C

Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company's Chairman and CEO

NEW YORK--(BUSINESS WIRE)-- The law firm of Wohl & Fruchter LLP has commenced an investigation into whether the directors of MOD-PAC Corp. (NAS: MPAC) (MOD-PAC) breached their fiduciary duties to shareholders by approving an agreement to sell the Company to its Chairman and CEO.

On April 11, 2013, MOD-PAC announced that the Company's board of directors had approved an agreement for Kevin T. Keane, Chairman of the Company, and Daniel G. Keane, President and Chief Executive Officer of the Company, and their affiliates and associates (Buyer Group) to acquire the Company for $8.40/share in cash.


The members of the Buyer Group are the beneficial owners of approximately 18.7% of the Company's outstanding Common Stock and approximately 51.9% of the Company's outstanding Class B Common Stock, which together represent approximately 41.0% of the voting power of the Company's stock.

Wohl & Fruchter's investigation concerns the fairness of the process used to approve the transaction, and whether approval of the transaction was improperly motivated by conflicts of interest.

Additional information is available at http://www.wohlfruchter.com/cases/mpac.

Persons with relevant information, and MPAC shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140, or contacting the attorney below.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658
Wohl & Fruchter LLP
570 Lexington Avenue
New York, NY 10022
www.wohlfruchter.com

This release may be deemed to constitute attorney advertising.



Wohl & Fruchter LLP
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658

KEYWORDS:   United States  North America  New York

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The article Law Firm of Wohl & Fruchter Commences Investigation into Acquisition of MOD-PAC Corp. by Company's Chairman and CEO originally appeared on Fool.com.

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