Morgan’s Foods


NEW YORK, April 15, 2014 — Tripp Levy PLLC, a leading national securities and shareholder rights law firm that represents shareholders throughout the nation, announces that it is investigating into possible breaches of fiduciary duty to current shareholders of Morgan’s Foods, Inc. (“Morgan’s Food” or the “Company”) (Other OTC: MRFD) and other violations of state law by the board of directors of Morgan’s Foods relating to the proposed buyout of the Company by Apex Restaurant Management, Inc. (“Apex”).

Under the terms of the transaction, Morgan’s Foods shareholders will receive $5.00 in cash for each share of Morgan’s Foods stock they own. The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Apex is underpaying for Morgan’s Foods shares.

If you are a shareholder of MRFD and would like additional information regarding this matter, at no cost or expense, please contact us.