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NEW YORK, April 11, 2016 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who held shares of Blount International, Inc. (“Blount International”) (NYSE:BLT) at the close of business on March 4, 2016. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of Oregon, Portland Division. To get more information go to:
http://www.zlk.com/pslra/blount-international-inc
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that Blount International violated securities laws by issuing materials in connection with the sale of the Company to P2 Capital Partners LLC and American Securities LLC which contained material misrepresentations and omitted material information. In particular, the complaint alleges that the Proxy Statement filed in relation to the merger fails to disclose information about the Company’s financial projections as they existed earlier in the process leading up to the Buyout, thus misrepresenting and omitting information which Blount shareholders are legally entitled to in order to make a sufficiently informed vote regarding the proposed merger.
If you suffered a loss in Blount International you have until June 10, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
