Newman Ferrara LLP Announces Corporate Governance Investigation of CDI Corp. - CDI
Newman Ferrara LLP recently announced today that it is conducting an investigation on behalf of shareholders of CDI Corp. (“CDI” or the “Company”) (NYSE:CDI) into potential breaches of fiduciary duty by the Company’s Board of Directors (the “Board”).
CDI, headquartered in Philadelphia, PA, provides engineering and technology solutions and professional staffing services. In light of the Company’s long-term operating and share price underperformance, it is clear that the Board lacks the ability to fairly assess and oversee the Company’s direction and leadership. Newman Ferrara’s investigation focuses on decisions made by the Board, without shareholder approval, and omissions to act, the result of which is significantly diminishing shareholder value.
Current CDI stockholders seeking more information on this matter are invited to contact Newman Ferrara attorneys Jeffrey Norton (jnorton@nfllp.com) or Roger Sachar, Jr. (rsachar@nfllp.com) to discuss this investigation and their rights.
Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.
CONTACT:
Newman Ferrara LLP
Jeffrey M. Norton
1250 Broadway, 27th Fl.
New York, NY 10001
(212) 619-5400