The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Ameristar Casi
January 04 2013 - 10:53AM
Levi & Korsinsky notifies investors of Ameristar Casinos, Inc.
("Ameristar" or the "Company") (Nasdaq:ASCA) of claims of breaches
of fiduciary duty and other violations of state law against the
board of directors of the Company in connection with the sale of
the Company to Pinnacle Entertainment, Inc. 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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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