Meade Instruments Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to JOC North America

  Meade Instruments Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP
  Investigate Sale to JOC North America

Business Wire

DALLAS -- May 21, 2013

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Meade Instruments Corp. (“Meade”) (NasdaqCM: MEAD)
to JOC North America LLC for shareholders. Under the terms of the proposed
sale valued at approximately $4.5 million, Meade shareholders will only
receive $3.45 in cash for each share of Meade stock owned, well below the
52-week high of $3.75 per share.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
zach@powerstaylor.com. There is no cost or fee to you.

The Meade sale investigation centers on whether Meade’s shareholders are
receiving adequate compensation for their shares in the proposed deal, whether
the transaction undervalues Meade’s stock, and whether Meade’s board attempted
to obtain the highest share price for all shareholders prior to agreeing to
the deal. Shareholder rights attorney Patrick Powers noted that, “Due to the
company’s historical trading, the size of the deal, the lack of a significant
premium and other factors, we believe this transaction may undervalue Meade’s
stock. Our proposed lawsuit will seek to obtain the highest share price for
all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.

Contact:

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com
 
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