SAN DIEGO, CA / ACCESSWIRE / April 24, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain former investors who held EarthLink Holdings Corp. (NASDAQ: ELNK) shares.
Investors, who purchased shares of EarthLink Holdings Corp. (NASDAQ: ELNK), have certain options and for certain investors are short and strict deadlines running. Deadline: April 5, 2018. Former NASDAQ: ELNK investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On November 7, 2016, EarthLink Holdings Corp. and Windstream Holdings, Inc announced that they had entered into a merger agreement under which EarthLink Holdings Corp. would be acquired by Windstream Holdings, Inc. Following a vote of EarthLink Holdings Corp. shareholders approving the Acquisition, under the terms of the Merger Agreement, EarthLink Holdings Corp. stockholders were to receive just 0.818 shares of Windstream Holdings, Inc for each share of EarthLink Holdings Corp. common stock held.
On February 27, 2017, the merger between Windstream Holdings, Inc. (NASDAQ: WIN) and EarthLink Holdings Corp. closed.
On April 5, 2018, a lawsuit was filed against Windstream Holdings, Inc, certain of its officers and directors, and Windstream Holdings, Inc. over alleged violations of the Securities Exchange Act of 1933 and the Securities Exchange Act of 1934. More specifically, the plaintiff claims that on January 24, 2017, the defendants issued materially false and misleading prospectus and proxy solicitation materials in connection with the Windstream Holdings, Inc. acquisition of EarthLink Holdings Corp. Furthermore, the plaintiff alleges that the prospectus and proxy materials, which recommended that EarthLink Holdings Corp. shareholders vote in favor of the acquisition, allegedly misrepresent or omit material information about the acquisition in violation of the federal securities laws.
Those who purchased EarthLink Holdings Corp. (NASDAQ: ELNK) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Shareholders Foundation, Inc.
+1 (858) 779-1554
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SOURCE: Shareholders Foundation, Inc.