Rigrodsky & Long, P.A. Investigates Harbin Electric, Inc. Going Private Offer

  • Do you own Harbin Electric, Inc. common stock?
  • Did you purchase your shares prior to October 11, 2010?
  • Do you feel that Tianfu Yang's offer to take the Company private is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Harbin Electric, Inc. concerning the Company’s receipt of a proposal from its Chairman and Chief Executive Officer, Tianfu Yang, and Baring Private Equity Asia Group Limited for Mr. Yang and an investment fund advised by Baring, to acquire all of the outstanding shares of common stock of Harbin not currently owned by Mr. Yang and his affiliates.

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Rigrodsky & Long, P.A. Investigates Harbin Electric, Inc. Going Private Offer

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Harbin Electric, Inc. (“Harbin” or the “Company”) (Nasdaq: HRBN) concerning the Company’s receipt of a proposal from its Chairman and Chief Executive Officer, Tianfu Yang, and Baring Private Equity Asia Group Limited for Mr. Yang and an investment fund advised by Baring, to acquire all of the outstanding shares of common stock of Harbin not currently owned by Mr. Yang and his affiliates (the “Proposal”).

 The investigation concerns whether Harbin’s board of directors is adequately shopping the Company and working to obtain the best price possible for Harbin’s shareholders. The Proposal contemplates the acquisition of all of the outstanding shares of common stock of Harbin not currently owned by Mr. Yang for $24.00 per share. Mr. Yang already owns approximately 31.1% of the Company’s outstanding shares. Moreover, according to Yahoo! Finance, at least one analyst has set a price target of $33.00 per share for Harbin stock.
If you own the common stock of Harbin and purchased your shares before October 11, 2010, 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 Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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