Computer Services, Inc.

Practice Area: 
Stock Symbol: 
CSVI
Case Status: 
Investigations

Ademi LLP is investigating CSI (OTCQX: CSVI) for possible breaches of fiduciary duty and other violations of law in its transaction with Centerbridge and Bridgeport.

Ademi LLP alleges CSI’s financial outlook and prospects are excellent and yet CSI holders will receive only $58.00 per share in an all-cash transaction valued at approximately $1.6 billion,. The transaction agreement unreasonably limits competing bids for CSI by imposing a significant penalty if CSI accepts a superior bid. CSI insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of CSI’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for CSI.