SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty By the Board of Presidentia
20 Luglio 2012 - 6:26PM
Levi & Korsinsky notifies investors of Presidential Life
Corporation ("Presidential Life" or the "Company") (Nasdaq:PLFE) 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 Athene Holding Ltd. A complaint was
filed in New York state court.
Click here to learn how to join the action:
http://zlk.9nl.com/presidential-life-plfe, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Presidential Life
shareholders will receive $14.00 per share of Presidential Life
stock they own. The transaction has an approximate total value of
$415 million. The claims concern whether the Presidential
Life Board of Directors breached their fiduciary duties to
Presidential Life stockholders by failing to adequately shop the
Company before entering into this transaction and whether Athene
Holding Ltd. is underpaying for Presidential Life shares, thus
unlawfully harming Presidential Life stockholders. In
particular, Presidential Life reported a Book Value of $26.95 per
share for the most recent quarter.
If you own common stock in Presidential Life 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/presidential-life-plfe.
Levi & Korsinsky is a national firm with offices in New York
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: (212) 363-7171
www.zlk.com
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