NATIONAL CINEMEDIA ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Continues to Investigate National CineMedia, Inc.
March 17 2015 - 12:38PM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP continues
its investigation into whether certain officers and directors of
National CineMedia, Inc. (NASDAQ: NCMI) violated state and/or
federal laws in connection with certain statements they made
concerning National CineMedia’s attempted acquisition of its
largest competitor, Screenvision LLC.
On November 3, 2014, the U.S. Department of Justice Office of
Public Affairs announced that it had filed an antitrust enforcement
action seeking to block the Company’s acquisition of Screenvision.
On March 16, 2015 National CineMedia announced they have called off
their planned $375 million merger, citing mounting legal costs and
distractions related to the Department of Justice’s lawsuit. The
termination of the Merger Agreement will be expensive. The
total after tax cash cost for National CineMedia related to the
proposed merger with Screenvision including the termination fee and
all legal and other expenses is projected to be approximately $11
million.
If you have information that could assist in this
investigation, or if you are a National CineMedia shareholder and
are interested in learning more about the investigation or your
legal rights and remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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