STEVENSON, Md., Sept. 16, 2013 (GLOBE NEWSWIRE) -- The securities litigation firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been filed in the California Superior Court for Los Angeles County on behalf of all stockholders of National Technical Systems, Inc. ("NTS" or the "Company") (Nasdaq:NTSC) common stock.
According to the complaint, the proposed buyout provides for NTS shareholders to receive $23.00 per share in cash for each share of NTS common stock they own. The lawsuit alleges that the members of the NTS Board of Directors have breached their fiduciary duties to shareholders by agreeing to the proposed buyout for inadequate consideration and by failing to provide adequate information about the proposed buyout to Company shareholders.
If you currently own common stock of NTS and would like to learn more about the claims being asserted and your rights, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
CONTACT: Brower Piven, A Professional Corporation Stevenson, Maryland Charles J. Piven, (410) 415-6616 email@example.comSource: Brower Piven, A Professional Corporation