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MORGAN'S FOODS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
[April 08, 2014]

MORGAN'S FOODS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del. --(Business Wire)--

Rigrodsky & Long, P.A.:

  • Do you own shares of Morgan's Foods, Inc. (OTC QB: MRFD)?
  • Did you purchase any of your shares prior to March 31, 2014?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Morgan's Foods, Inc. ("Morgan's" or the "Company") (OTC QB: MRFD) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Apex (News - Alert) Restaurant Managment, Inc. ("Apex"), in a transaction valued at approximately $20.6 million.

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Under the terms of the agreement, public shareholders of Morgan's will receive $5.00 per share in cash for each share of Morgan's they own.

The investigation concerns whether Morgan's board of directors failed to adequately shop the Company and obtain the best possible value for Morgan's shareholders before entering into an agreement with Apex.

If you own the common stock of Morgan's and purchased your shares before March 31, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (888) 969-4242; by e-mail to, or at:

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

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