SORL Auto Parts, Inc.
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SORL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF SORL AUTO PARTS, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – SORL
November 29, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of SORL Auto Parts, Inc. (NASDAQ: SORL) to Ruili International Inc., a consortium consisting of SORL’s Chairman and Chief Executive Officer, certain directors of SORL, and Ruili Group Co., Ltd. (collectively, the “Consortium”), and Ruili International Merger Sub Inc. (“Merger Sub”) for $4.72 per share is fair to SORL shareholders. On behalf of SORL shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The SORL merger investigation concerns whether SORL and its Board of Directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for SORL shareholders; (2) determine whether the Consortium and Merger Sub is underpaying for SORL; and (3) disclose all material information necessary for SORL shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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