The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Cons...
April 28 2011 - 11:39AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Constellation Energy (“Constellation” or the “Company”) (NYSE: CEG)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Exelon
Corporation (NYSE: EXC). Under the terms of the transaction
Constellation shareholders will receive 0.930 shares of Exelon
common stock for each share of Constellation stock they own,
representing a value of approximately $38.59 per share. The
transaction has a total equity value of approximately $7.9
billion.
Click here to learn how to join the action:
http://www.zlk.com/constellation-energy-ceg.html, or call:
877-363-5972.
The investigation concerns whether the Constellation Board of
Directors breached their fiduciary duties to Constellation
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Exelon Corporation is
underpaying for Constellation shares, thus unlawfully harming
Constellation stockholders. In particular, Constellation reported a
book value of $39.19 per share for the most recent quarter.
If you own common stock in Constellation 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://www.zlk.com/constellation-energy-ceg.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. 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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