The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Advance Amer...
21 Febbraio 2012 - 6:27PM
Marketwired
Levi & Korsinsky notifies investors of Advance America, Cash
Advance Centers, Inc. ("Advance America " or the "Company") (NYSE:
AEA) 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 Grupo Elektra, S.A.B. de
C.V. (BMV: ELEKTRA.MX). Under the terms of the agreement, Advance
America shareholders will receive $10.50 per share of Advance
America stock they own. The transaction has a total approximate
value of $780 million. A complaint was filed in Delaware state
court.
Click here to learn how to join the action:
http://www.zlk.com/advance-america-aea, or call: 877-363-5972.
There is no cost or obligation to you.
The claims concern whether the Advance America Board of
Directors breached their fiduciary duties to Advance America
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Grupo Elektra, S.A.B. de
C.V. is underpaying for Advance America shares, thus unlawfully
harming Advance America stockholders. In particular, at least one
analyst set a price target of $11.00 per Advance America share.
If you own common stock in Advance America 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, http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. 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 - 15th 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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