The Briscoe Law Firm, PLLC & Powers Taylor, LLP Announce the Investigation of Possible Breaches of Fiduciary Duties Concernin...
13 Agosto 2010 - 12:04PM
Business Wire
The Briscoe Law Firm, PLLC, founded by a former state prosecutor
and enforcement attorney for the United States Securities and
Exchange Commission, and the law firm of Powers Taylor, LLP are
investigating potential legal claims against the Board of Directors
of Allis-Chalmers Energy, Inc. (“ALY” or “Company”) (NYSE: ALY)
related to the proposed acquisition of ALY by the Seawell Ltd.
The agreement involves a cash transaction valued at
approximately $890 million, under which the Company shareholders
will receive $4.25 in cash or 1.15 Seawell shares for each share of
ALY common stock they hold. The investigation relates to possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of ALY for approving this transaction, whether
the consideration to be received by ALY shareholders is fair, and
whether ALY’s board of Directors acted in the shareholders’ best
interests.
If you currently own shares of ALY and would like additional
information regarding this investigation, or if you have
information regarding the allegations involving this transaction,
please contact Patrick Powers at Powers Taylor, LLP, toll free
(877) 728-9607, via e-mail at patrick@powerstaylor.com, or The
Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20
years of experience in complex litigation and transactional
matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Allis-Chalmers Energy (NYSE:ALY)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Allis-Chalmers Energy (NYSE:ALY)
Gráfica de Acción Histórica
De May 2023 a May 2024
Real-Time news about Allis-Chalmers Energy (New York Stock Exchange): 0 recent articles
Más de Powers Taylor, LLP Artículos de Noticias