AutoInfo Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to AutoInfo Holdings

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of AutoInfo, Inc. (“AutoInfo”) (OTCBB: AUTO) to AutoInfo Holdings, LLC, a subsidiary of Comvest Investment Partners IV, LP for shareholders. Under the terms of the proposed transaction, AutoInfo shareholders will only receive $1.05 in cash for each share of AutoInfo stock owned.

“due to the nature of the proposed sale and other factors, we believe this transaction may undervalue AutoInfo’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, [phone], or via email at [e-mail] or Zach Groover at Powers Taylor, LLP, toll free [phone], via e-mail at [e-mail]. There is no cost or fee to you.

The AutoInfo sale investigation centers on whether AutoInfo’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues AutoInfo’s stock, and whether AutoInfo’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Patrick Powers stated that “due to the nature of the proposed sale and other factors, we believe this transaction may undervalue AutoInfo’s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.