Lifshitz Law Firm Announces Investigation of AsiaInfo-Linkage, Inc., Commerce National Bank, CFS Bancorp, Inc., and IEC Electronics Corp.

NEW YORK, May 22, 2013 /PRNewswire/ --

AsiaInfo-Linkage, Inc.

Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of AsiaInfo-Linkage, Inc. ("AsiaInfo-Linkage" or the "Company") (ASIA) to a private investor consortium led by CITIC Capital Partners for US$12.00 in cash for each AsiaInfo-Linkage share of common stock they hold. 

Lifshitz Law Firm's investigation is focused on whether the Board of Directors of the Company is acting in the Company's shareholders' best interests in connection with the sale process.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (212) 213-6222 Ext. 18 or by sending an e-mail including your contact information to: [email protected].

Commerce National Bank

Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Commerce National Bank ("Commerce" or the "Company") (CNBF) to Sterling Financial Corporation for cash consideration of $15.10 per common share.  Including the planned redemption of outstanding Commerce stock options and warrants for cash, the aggregate transaction value is approximately $42.9 million.

Lifshitz Law Firm's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (212) 213-6222 Ext. 18 or by sending an e-mail including your contact information to: [email protected].

CFS Bancorp, Inc.

Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of CFS Bancorp, Inc. ("CFS" or the "Company") (CITZ) to First Merchants Corporation ("First Merchants") in a stock transaction valued at approximately $114.7 million, or 0.65 shares of First Merchants common stock for each share of CFS common stock owned, with an implied price per share of CFS common stock of $10.49.

Lifshitz Law Firm's investigation is focused on whether the Board of Directors of the Company is acting in the Company's shareholders' best interests in connection with the sale process.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (212) 213-6222 Ext. 18 or by sending an e-mail including your contact information to: [email protected].

IEC Electronics Corp.

Lifshitz Law Firm announces that it is investigating potential claims against the board of IEC Electronics Corp. ("IEC" or the "Company") (IEC).  On May 1, 2013, IEC announced that its consolidated financial statements for the fiscal year ended September 30, 2012, the quarterly periods during fiscal 2012, and the quarter ended December 28, 2012 are being restated due to an error in accounting for work-in-process inventory at one of the Company's subsidiaries, Southern California Braiding, Inc. This error resulted in an aggregate understatement of cost of sales and an aggregate overstatement of gross profit during all such Restated Periods of approximately $2.2 million.

For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (212) 213-6222 Ext. 18 or by sending an e-mail including your contact information to: [email protected].

Lifshitz Law Firm is a New York based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at www.jlclasslaw.com.

ATTORNEY ADVERTISING. © 2013 Lifshitz Law Firm.  The law firm responsible for this advertisement is Lifshitz Law Firm, 18 East 41^st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.
Lifshitz Law Firm
Phone:   212-213-6222
Email: [email protected]

SOURCE Lifshitz Law Firm