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Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Sinoenergy Corporation


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© Business Wire 2009
2009-10-16 00:53:03 -

Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of Sinoenergy Corporation (“Sinoenergy” or the “Company”) (Nasdaq: SNEN) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by the Company’s Board of Directors to sell all of the Company’s outstanding shares of common stock at a price of $1.90 per share in cash to Skywide Capital Management Limited (“Skywide”), which is owned by the Company’s chairman and President and is the Company’s largest shareholder.

If you own common stock of Sinoenergy and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull,

Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The current investigation concerns the price to be paid by Skywide to Sinoenergy shareholders and the process by which Sinoenergy’s Board of Directors is addressing the transaction. As recently as August 11, 2009, shares of Sinoenergy’s common stock traded at $2.63 cents, with a 52-week high of $3.76. At least one analyst has set a $9.90 price target for the Company’s shares. The focus of the current investigation is on whether the Sinoenergy Board of Directors breached its fiduciary duties to Sinoenergy’s shareholders by agreeing to sell the Company at an unfair price.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com : mailto:ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45 th Street, New York, NY 10017.

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



Aaron Brody, Esq.Stull, Stull & Brody1-800-337-4983 or
212-687-7230 ssbny@aol.com : mailto:ssbny@aol.com


Author:
Hossam Abdel-Kader
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