INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Cobra
Electronics Corp. and Its Board of Directors In Connection With the Sale of
the Company to Monomoy Capital Partners II, L.P.
NEW YORK -- August 28, 2014
Levi & Korsinsky is investigating the Board of Directors of Cobra Electronics
Corporation (“Cobra Electronics” or “the Company”) (NasdaqGM:COBR) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Monomoy Capital Partners II, L.P.
Click here to learn more about the investigation:
http://zlk.9nl.com/cobra-electronics-corporation-cobr, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Cobra Electronics shareholders will
receive $4.30 for each share of Cobra Electronics common stock they own. The
investigation concerns whether the Board of Cobra Electronics breached their
fiduciary duties to stockholders by failing to adequately shop the Company
before agreeing to enter into this transaction, and whether Monomoy Capital
Partners II, L.P. is underpaying for Cobra Electronics shares. In particular,
Cobra Electronics has a reported book value of $5.83 per share for the most
recent quarter. Shareholders holding approximately 2.6% of Cobra Electronic
outstanding shares of common stock have already agreed to tender their shares.
If you own Cobra Electronics common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New Jersey,
Connecticut and Washington D.C. The firm’s 26 attorneys have extensive
expertise in prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and shareholder
lawsuits. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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