Goldfarb Branham LLP Investigating ExpressJet Holdings Shareholder Claims
August 04 2010 - 11:06AM
Business Wire
Goldfarb Branham LLP is investigating whether the Board of
Directors of ExpressJet Holdings, Inc. (NYSE: XJT) breached its
fiduciary duty to its shareholders in agreeing to sell ExpressJet
to SkyWest, Inc. (NASDAQ: SKYW). According to the agreement,
ExpressJet shareholders will receive $6.75 per share. Concerned
shareholders are encouraged to contact the firm at 877-583-2855 or
hlindley@goldfarbbranham.com.
“The investigation focuses on whether the company was adequately
shopped before entering into this transaction,” stated shareholder
lawyer Hamilton Lindley. “In particular, at least one analyst set a
price target for ExpressJet stock at $8.00 per share and, for the
most recent quarter, the company reported a book value of $11.18
per share.”
Goldfarb Branham LLP lawyers have significant experience
representing shareholders in unfair buyouts nationwide. The firm
provides nimble, creative and effective counsel at all stages of
litigation. If you have information or concerns about this
transaction, contact attorney Hamilton Lindley at 877-583-2855 or
by email at hlindley@goldfarbbranham.com.
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