NEW YORK--Tripp Levy PLLC, a leading national securities and shareholder rights law firm, is investigating the Board of Directors and the majority shareholder of Erickson Air-Crane, Inc. (“Erickson” or the “Company”) (NasdaqGM: EAC) for possible breaches of fiduciary duty and other violations of state law in connection with the purchase of Evergreen Helicopters, Inc. (“Evergreen”).
Evergreen was in financial distress leading up to its acquisition by Erickson, with suppliers withholding parts due to unpaid bills and a resulting inability to maintain its aircraft. As a result of this financial situation, it was unlikely Evergreen would be able to pay off the substantial second lien debt it owed to a group of private equity funds collectively known as ZM Funds. This consortium held, at the time, 60% of Erickson stock. Then on March 20, 2013, Erickson announced it had agreed to acquire Evergreen for $250 million—a deal that effectively allowed ZM Funds to exchange approximately $120 million in distressed debt of Evergreen Helicopters for millions of Erickson shares.
The investigation concerns whether the acquisition of Evergreen constituted a breach of fiduciary duty by the Board of Erickson, and its majority shareholder, ZM Funds. If you own common stock in Erickson and wish to obtain additional information regarding this matter at no cost and expense, and participate with other shareholders who are seeking a higher price, please contact us at 1-877-772-3975 or email at contact @ tripplevy
Tripp Levy PLLC, a leading national securites and shareholder rights law firm, announces that it is investigating the acquisition of BCSB Bancorp. F.N.B. Corporation (FNB) and BCSB Bancorp, Inc. (BCSB) jointly announce the signing of a definitive merger agreement pursuant to which F.N.B. Corporation will acquire BCSB Bancorp, Inc., in an all stock transaction valued at approximately $23.77 per share, or $79 million in the aggregate using the closing stock price of F.N.B. Corporation as of Thursday June 13, 2013.
Under the terms of the merger agreement, which has been approved by the boards of directors of both companies, shareholders of BCSB Bancorp, Inc. will be entitled to receive 2.08 shares of F.N.B. Corporation common stock for each common share of BCSB Bancorp
The investigation concerns whether BCSB board of directors obtained the maximum value for shareholders. If you are a shareholder of BCSB and would like additional information concerning your rights as a shareholder and would like to participate with other shareholders who are seeking a higher price, please contact us at 1-877-772-3975 or email at contact @ tripplevy
June 12, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acqusition of Centerline Holding Company (CLNH). Centerline and Hunt Capital Partners, LLC, announced the entry into a definitive agreement and plan of merger under which Hunt will acquire through a merger all of the outstanding Common Shares of the Company that Hunt or its affiliates do not already own for cash consideration of $39.89 per share. In April 2013, an affiliate of Hunt acquired 978,274 of the Common Shares of the Company, representing approximately 41% of the Common Shares outstanding..
The investigation concerns whether Hunt, as a significant shareholder of the Company, along with other board members of Centerline, breached their fiduciary duties by allowing Hunt to acquire the company at this unfairly low price. Indeed, the book value alone of the company is worth almost 3 times this price ($90 per share).
If you are a shareholder of Centerline and would like additional information regarding this matter, including how you can participate with other shareholders who are seeking a higher price, at no cost or expense, please contact us at 1-877-772-3975 or email at contact @ tripplevy
June 11, 2012
New York, New York -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the proposed acquisition of Dole Food Company Inc. (NYSE: DOLE) It was announced that David Murdock, Dole's Chairman of its Board of Directors and CEO, and owner of 40% of its common stock, is seeking to buy the remaining shares of the company that he does not already own for only $12 per share.
The investigation concerns whether Murdock, in his role as Chairman and CEO and the company's largest shareholder, along with the other members of the board of directors, are breaching their fiduciary duties by selling the company to Murdock at a potential unfairly low price. Indeed, Murdock has inherent conflicts of interest in buying the company for himself, while his fiduciary duties are to obtain the highest price possible for shareholders. The investigation concerns whether Murdock is engaging for his own self-interests to the detriment of shareholders. The investigation also concerns whether the other members of the board of directors will engage in a full and fair process so that shareholders obtain the maximum value for their shares.
If you are a shareholder of DOLE and would like additional information about this matter, including information as to how to join with other shareholders to obtain a higher price, at no cost or expense, please contact us at 1-877-772-3975 or email at contact @ tripplevy
National Financial Partners Investor Sues to Block Takeover
By Bob Van Voris
June 10 (Bloomberg) -- A National Financial Partners Corp.
shareholder sued to block Madison Dearborn Partners LLC’s
proposed $1.3 billion takeover of the company.
For more information, please contact 1-877-772-3975
a lawsuit was filed on behalf of shareholders who are seeking a higher price here is contact info of law firm in case you want a copy of complaint or want to join 1-877-772-3975
May 28, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of CapLease, Inc. American Realty Capital Properties, Inc. ("ARCP") (ARCP) and CapLease, Inc. ("CapLease") (LSE) announced today that they have signed a definitive merger agreement under which ARCP will acquire all of the outstanding shares of CapLease in a transaction valued at approximately $2.2 billion. ARCP will pay an amount in cash equal to $8.50 per share for each outstanding share of CapLease common stock, and each share of Series A, Series B and Series C preferred stock of CapLease will be converted into the right to receive the sum of $25.00 in cash plus an amount equal to any accrued and unpaid dividends up to but excluding the closing date of the merger. Additionally, with respect to CapLease's $1.2 billion of outstanding debt, ARCP intends to assume approximately $580 million and repay the balance
The investigation concerns whether the board of directors of LSE obtained the maximum value for shareholders in connection with selling the company to ARCP. If you are a shareholder of LSE and would like to participate with other shareholders seeking a higher price and more information, please contact us at 1-877-772-3975 or email at contact @ tripplevy
while I am not a fan of lawyers, in this case, homebuilder you owe them an apology. It is an acquisition. They are doing a change of control. This consitutes a takeover of the company by new controlling owners. They are on the board. They are significant shareholders. They have inside information and thus major conflicts of interest. Once they get a majority they will just squeeze out shareholders.