NEW ORLEANS -- (Business Wire)
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the
law firm of Kahn Swick & Foti, LLC announce that KSF has commenced an
investigation into the Board of Directors of Archon Corporation
(“Archon” or the “Company) (OTC US: ARHN) in connection with their
conduct related to the sale of the Company to Esplanade Capital, LLC,
Archon’s second largest outside shareholder. Under the terms of the
proposed transaction, shareholders of Archon will receive $17.50 in cash
for each share of Archon common stock that they own.
KSF’s investigation is focusing on whether Archon and/or its officers
and directors secured sufficient value for the shareholders of the
Company and/or violated state or federal securities laws.
If you have information that would assist KSF in its investigation, or
would like to discuss your legal rights, you may, without obligation or
cost to you, e-mail or call KSF attorney Michael Palestina (michael.palestina@ksfcounsel.com)
toll free at 855-768-1857 or via cell phone any time at 504-236-7315.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on transactional litigation,
as well as securities class action and shareholder derivative
litigation. With offices in New York and Louisiana, KSF's lawyers have
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contacts:
Kahn Swick & Foti, LLC
Michael Palestina, Esq., 855-768-1857
or
after hours via cell phone 504-236-7315
michael.palestina@ksfcounsel.com
Source: Kahn Swick & Foti, LLC
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