NEW YORK -- (Business Wire)
Levi & Korsinsky notifies investors of Ameristar Casinos, Inc.
(“Ameristar” or the “Company”) (NasdaqGS: ASCA) of claims of breaches of
fiduciary duty and other violations of state law agsinst the board of
directors of the Company in connection with the sale of the Company to
Pinnacle Entertainment, Inc. (NYSE: PNK). A complaint was filed in
Nevada state court.
Click here to learn how to join the action: http://zlk.9nl.com/ameristar-casinos-asca/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Ameristar shareholders will receive
$26.50 for each share of Ameristar stock they own. The transaction has
total approximate value of $869 million. The claims concern whether the
Ameristar Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before entering
into this transaction and whether Pinnacle Entertainment, Inc. is
underpaying for Ameristar shares, thus unlawfully harming Ameristar
stockholders. In particular, at least one analyst set a price target for
Ameristar stock at $33.00 per share.
If you own common stock in Ameristar and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/ameristar-casinos-asca/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Toll Free: 877-363-5972
Source: Levi & Korsinsky
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