NEW YORK--(EON: Enhanced Online News)--TheGrantLawFirm, PLLC announces that it filed a class action complaint (“Complaint”) on behalf of all public stockholders of Synutra International, Inc. (“Synutra” or the “Company”) who are or will be damaged by a vote approving a proposed transaction (the “Proposed Transaction”, the “Class”) pursuant to which Synutra will be acquired by Liang Zang (“Zang”), its founder, the chairman of its board and its controlling shareholder, through Beams Power Investment Limited (“Beams”), an entity owned by his wife. Excluded from the Class are defendants, and any person, firm, trust, corporation or other entity related or affiliated with any of the defendants.
The Complaint asserts claims pursuant to Section 14(a) of the 1934 Act and for breaches of fiduciary duty alleging that the Preliminary Proxy Statement (the “Proxy”) filed with the SEC on December 9, 2016, a final version of which will be used to solicit shareholder approval of the Proposed Transaction, contains materially false and misleading statements and omissions of material fact.
Specifically, the Complaint asserts that the Proxy omits material information concerning the Company’s projections, its operating income, its unlevered free cash flow, its earnings per share, and its free cash flow per share, and that the description of the fairness analysis performed by the Company’s investment advisor fails to disclose certain material information and is based upon a market multiples analysis of companies which purport to be peer companies, but are not traded on a U.S. exchange, unlike the Company which trades on the NASDAQ. If you are a member of the Class described above, you may, no later than March 13, 2017, move the Court to serve as lead plaintiff. In order to serve as lead plaintiff, you must meet certain legal requirements.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain the TheGrantLawFirm, PLLC, or other counsel of your choice, to serve as your counsel in this action. Lynda J. Grant of TheGrantLawFirm, PLLC has been actively representing shareholders for over 30 years.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Lynda J. Grant at 212-292-4441 or via e-mail at firstname.lastname@example.org. You can also visit our website at www.grantfirm.com.