NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Bluegreen
Corp. (“Bluegreen” or the “Company”) (NYSE: BXG) for potential breaches
of fiduciary duties in connection with their conduct related to the sale
of the Company to BFC Financial Corporation (OTCQB: BFCF) in an all-cash
deal valued at approximately $150 million. Under the terms of the
proposed transaction, Bluegreen’s stockholders will receive $10 in cash
for each share of Bluegreen’s common stock they own.
Request more information now by clicking here: www.faruqilaw.com/BXG.There is no cost or obligation to you.
The investigation focuses on whether Bluegreen’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of Bluegreen’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Bluegreen and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Source: Faruqi & Faruqi, LLP
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