SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of CREDO Pet...
13 Julio 2012 - 1:10PM
Marketwired
Levi & Korsinsky notifies investors of CREDO Petroleum
Corporation ("Credo" or the "Company") (NASDAQ: CRED) 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 Forestar Group, Inc. (NYSE: FOR). A
complaint was filed in Delaware state court.
Click here to learn how to join the action:
http://zlk.9nl.com/credo-petroleum-cred, or call:
877-363-5972. There is
no cost or obligation to you.
Under the terms of the transaction, Credo shareholders will
receive $14.50 for each share of Credo stock they own. The
transaction has a total approximate value of $146 million. The
claims concern whether the Credo Board of Directors breached their
fiduciary duties to Credo stockholders by failing to adequately
shop the Company before entering into this transaction and whether
Forestar Group, Inc. is underpaying for Credo shares, thus
unlawfully harming Credo stockholders.
If you own common stock in Credo 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, or http://zlk.9nl.com/credo-petroleum-cred.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. 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 - 24th 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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