The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Ameristar Ca...
18 1월 2013 - 5:19AM
Business Wire
Levi & Korsinsky notifies investors of Ameristar Casinos,
Inc. (“Ameristar” or the “Company”) (NasdaqGS: ASCA) of claims of
breaches of fiduciary duty and other violations of state law
agsinst the board of directors of the Company in connection with
the sale of the Company to Pinnacle Entertainment, Inc. (NYSE:
PNK). A complaint was filed in Nevada state court.
Click here to learn how to join the action:
http://zlk.9nl.com/ameristar-casinos-asca/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Ameristar shareholders will
receive $26.50 for each share of Ameristar stock they own. The
transaction has total approximate value of $869 million. The claims
concern whether the Ameristar Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before entering into this transaction and whether Pinnacle
Entertainment, Inc. is underpaying for Ameristar shares, thus
unlawfully harming Ameristar stockholders. In particular, at least
one analyst set a price target for Ameristar stock at $33.00 per
share.
If you own common stock in Ameristar and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
http://zlk.9nl.com/ameristar-casinos-asca/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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