NEW YORK -- (Business Wire)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of C&D Technologies, Inc. (“C&D Technologies” or the “Company”) (OTC: CHHP) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to affiliates of Angelo, Gordon, & Co., LP, which owns approximately 65% of the Company’s common stock. C&D Technologies has a market capitalization of about $138.3 million. The proposed transaction offers C&D Technologies’ shareholders $9.50 in cash for each share they own, while the Company’s stock traded at $29.31 about a year ago.

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Whether C&D Technologies’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues C&D Technologies’ shares and by how much this proposed transaction undervalues the Company to the detriment of C&D Technologies’ shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in C&D Technologies and wish to obtain additional information, please visit us at www.faruqilaw.com/CHHP or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Contacts:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Source: Faruqi & Faruqi, LLP