SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Luf...
April 08 2013 - 7:46PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Lufkin Industries Inc. (“Lufkin” or the “Company”) (NasdaqGS: LUFK)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to General
Electric Co. (NYSE: GE).
Click here to learn more about the investigation
http://zlk.9nl.com/lufkin-industries-lufk/, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Lufkin shareholders will
receive $88.50 for each share of Lufkin stock they own. The
transaction has a total approximate value of $3.3 billion. The
investigation concerns whether the Lufkin Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
transaction, and whether General Electric is underpaying for Lufkin
stock, thus unlawfully harming Lufkin stockholders.
If you own common stock in Lufkin 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 visit
http://zlk.9nl.com/lufkin-industries-lufk/.
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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