WeissLaw LLP is investigating Universal Security Instruments, Inc.

NEW YORK, February 25, 2022 /PRNewswire/ — WeissLaw LLP investigation of possible breaches of fiduciary duty and other violations of law by the board of directors of Universal Security Instruments, Inc. (“USI” or the “Company”) (NYSE American: UUU), in connection with the Company’s proposed merger with Infinite Reality, Inc. (“Infinite Reality”). Under the terms of the merger agreement, Infinite Reality shareholders will own approximately 97% of USI’s outstanding common stock and pre-merger USI shareholders will retain ownership of approximately 3% of USI’s outstanding common stock. ‘USI. In addition, the value of USI’s business assets and ongoing business will continue to benefit USI shareholders prior to the merger.

If you own USI actions and wish to discuss this investigation or have any questions regarding this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/uuu Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7and Ground
new YorkNY 10007
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw LLP is investigating whether (i) USI’s board of directors acted in the best interests of the company’s shareholders in agreeing to the proposed transaction, (ii) the equity allocation of the transaction is fair to the shareholders of USI, and (iii) all information regarding the sale process and the valuation of the transaction will be fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of shareholder class and derivative actions for breach of corporate and fiduciary duties. We’ve recovered over $1 billion for defrauded customers and won significant corporate governance relief in many of those cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumer rights (including false advertising, defective products or other deceptive marketing practices), or anti-trust violations, please email us at [email protected]


Comments are closed.