BALA CYNWYD, Pa., Sept. 2, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Accuride
Corporation ("Accuride" or "the Company") (NYSE- ACW-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to funds managed by
Crestview Partners. ("Crestview").
Click here to learn more about the investigation
http://brodsky-smith.com/1115-acw-accuride-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Accuride shareholders will
receive only $2.58 in cash for each
share of Accuride stock they own. In addition, Accuride has agreed
to sell its Brillion Iron works subsidiary to a subsidiary of
Metaldyne Performance Group Inc. The investigation concerns whether
the Board of Accuride breached their fiduciary duties to
shareholders and whether Crestview is underpaying for the Company.
The transaction may undervalue the Company and would result is a
loss for many long term holders of Accuride stock. For example,
Accuride stock has sold as high as $15.88 per share and traded at $5.39 as recently as February 23, 2015.
If you own shares of Accuride stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1115-acw-accuride-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC