Investor Alert: Former Attorney General of Louisiana & Kahn Swick & Foti, LLC Investigate Lufkin Industries Inc. Following An...
17 Aprile 2013 - 7:11PM
Business Wire
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.
and the law firm of Kahn Swick & Foti, LLC announce that KSF
has commenced an investigation into the Board of Directors of
Lufkin Industries Inc. (“Lufkin” or the “Company) (NASDAQ GS: LUFK)
in connection with their conduct related to the sale of the Company
to General Electric Company (NYSE: GE). Under the terms of the
proposed transaction, shareholders of Lufkin will receive $88.50 in
cash for each share of Lufkin common stock that they own.
KSF’s investigation is focusing on whether Lufkin and/or its
officers and directors secured sufficient value for the
shareholders of the Company and/or violated state or federal
securities laws.
If you have information that would assist KSF in its
investigation, or would like to discuss your legal rights, you may,
without obligation or cost to you, e-mail or call KSF attorney
Michael Palestina (michael.palestina@ksfcounsel.com) toll free at
855-768-1857 or via cell phone any time at 504-236-7315.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on
transactional litigation, as well as securities class action and
shareholder derivative litigation. With offices in New York and
Louisiana, KSF's lawyers have significant experience litigating
complex securities class actions nationwide on behalf of both
institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
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