Law Office of Brodsky & Smith, LLC Announces Investigation of Flanders Corporation

BALA CYNWYD, Pa., March 21, 2012 - Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Flanders Corporation ("Flanders" or the "Company") (OTC- FLDR.PK) relating to the proposed acquisition by Insight Equity Holdings, LLC ("Insight").

Under the terms of the transaction, Flanders shareholders would receive only $4.40 in cash for each share of Flanders stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Flanders for not acting in the Company's shareholders' best interests in connection with the sale process to Insight. For example, some members of Flanders senior management have executed agreements to vote their shares in favor of the transaction. 

If you own shares of Flanders stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/399-fldr.pk-flanders-corporation.html, or by calling toll free 877-LEGAL-90.

Investigation against Transcend Services, Inc. Announced

BALA CYNWYD, Pa., March 9, 2012 - Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Transcend Services, Inc. (NASDAQ- Transcend) relating to the proposed acquisition by Nuance Communications, Inc. ("Nuance").

Under the terms of the transaction, Transcend shareholders would receive only $29.50 in cash for each share of Transcend stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Transcend for not acting in the Company's shareholders' best interests in connection with the sale process to Nuance. The transaction may undervalue Transcend as Transcend stock traded at $29.92 on July 6, 2011 and an analyst has set a price target on Transcend stock at $34.00 per share.

If you own shares of Transcend stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. 

You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/392-trcr-transcend-services-inc.html, or by calling toll free 877-LEGAL-90.

Indian arrested for alleged investment fraud

New York, Sep 17 - An Indian businessman was arrested in the US today for allegedly defrauding investors of about USD 2.4 million and could face up to 20 years in prison.

 Janamjot Singh Sodhi, 35 of California was arrested on a warrant issued earlier this week for the investment fraud scheme, US Attorney Benjamin Wagner said.

 According to the complaint, Sodhi owned Elite Financial Inc and enticed investors into giving him money for investment opportunities, but used the money instead to pay off previous investors and for his own personal use.

 Since 2005, Sodhi's license to sell investments had been revoked and in January 2009, California issued a cease and desist order against him and Elite Financial from selling securities to investors.

 It is alleged that Sodhi defrauded investors of USD 2.4 million.

 If convicted, Sodhi faces a maximum penalty of 20 years in prison and a USD 250,000 fine.