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Levi & Korsinsky, LLP has commenced an investigation into the decision by the Luby’s, Inc. (“Luby’s” or the “Company”) (NYSE: LUB) Board of Directors to adopt a plan of liquidation and dissolution as announced on September 8, 2020.
The Luby’s liquidation investigation concerns whether the Board of Luby’s breached their fiduciary duties to stockholders by agreeing to and approving the plan of liquidation and dissolution, and whether the planned monetization strategy will fail to realize the fair value of the Company, thereby harming Luby’s shareholders.
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