Wolf Haldenstein Adler Freeman & Herz LLP Files a Lawsuit on Behalf of Former Shareholders of Linkwell Corporation

Lead Plaintiff Deadline is January 3, 2017

NEW YORK, NY / ACCESSWIRE / November 3, 2016 / Wolf
Haldenstein Adler Freeman & Herz LLP has filed a class action lawsuit in the United States District Court for the Southern District of Florida on behalf of all shareholders of Linkwell Corporation (“Linkwell”) whose shares were unilaterally sold in an undisclosed going private transaction (the “Acquisition”). The Acquisition was approved by the controlling shareholders of Linkwell Corporation and their affiliates on September 19, 2014.

Shareholders whose shares of Linkwell Corporation (“Linkwell”) were unilaterally sold without notice of the Acquisition are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.
You may also review the complaint and obtain additional information
concerning the action on our website, www.whafh.com.

The complaint charges Xuelian Bian, Wei Guan, Sidley Austin LLP, Shanghai Yinling Asset Management Co., Ltd., Lead First Capital Limited and Leading World Corporation (“Defendants”) for their misconduct in connection with the design, implementation, and consummation of the Acquisition.

The Acquisition was undertaken on behalf of Xuelian Bian and Wei Guan to extinguish valuable claims asserted against them (and others) in a previously filed derivative action, as well as to directly acquire for themselves the assets and operations of Linkwell at a grossly inadequate price. Defendants did not provide Plaintiff and other similarly situated public shareholders of Linkwell with any notice with respect to the Acquisition. As a result of the failure to provide the requisite statutory notice, Plaintiff and other similarly situated public shareholders were unlawfully and unfairly deprived of the opportunity to: evaluate whether the $0.88 per share merger consideration was fair; vote to approve the Merger Agreement; exercise appraisal rights; or move to enjoin the Acquisition.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf
Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Follow the Firm and learn about newly filed cases on Twitter and Facebook.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Charles J. Hecht, Esq.
Malcolm T. Brown, Esq.
Gregory Stone, Director of Case and Financial Analysis

Email:
hecht@whafh.com, brown@whafh.com,
gstone@whafh.com, or classmember@whafh.com

Tel: (800) 575-0735 or (212) 545-4774

SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP

ReleaseID: 448306