BALA CYNWYD, PA / ACCESSWIRE / May 31, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Isramco, Inc. ("Isramco" or "the Company") (ISRL) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Naphtha Israel Petroleum Corporation Ltd. ("Naphtha").
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Under the terms of the transaction, Isramco shareholders will receive only $121.40 in cash for each share of Isramco stock they own. The investigation concerns whether the Board of Isramco breached their fiduciary duties to shareholders and whether Isramco is underpaying for the Company. The transaction may undervalue the Company and may not be in the Isramco shareholders best interests. For example, Isramco stock has traded at $145.90 per share and it has disclosed that its chairman and co-CEO, through various entities, owns a controlling interest in Naphtha.
If you own shares of Isramco stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/isramco-inc-nasdaq-isrl/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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