OKLAHOMA CITY, June 2, 2009 (GLOBE NEWSWIRE) -- Federman & Sherwood, an Oklahoma based law firm specializing in securities and consumer litigation, has been requested to investigate the merger between Limco-Piedmont Inc. (Nasdaq:LIMC) and TAT Technologies Ltd. (Nasdaq:TATTF), whereby TAT Technologies will acquire all of the publicly held common stock of Limco-Piedmont in a stock-for-stock merger. TAT Technologies is currently the largest and controlling shareholder of Limco-Piedmont. Under the proposed merger, shareholders of Limco-Piedmont will acquire one-half of a common share of TAT for each share of Limco-Piedmont they currently hold. It is believed that the Board of Directors of Limco-Piedmont Inc. may have breached their fiduciary duties by promoting this merger, in that the merger would harm current shareholders of Limco-Piedmont and not fully compensate them.
If you are a shareholder or former employee of Limco-Piedmont Inc., and you have information that would assist our firm in its ongoing investigation, or if you have other questions relating to a loss you may have suffered in your investment, please contact Lynn Nunn at kln@federmanlaw.com.