SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breac
Jan 3rd 2013 11:20AM
Updated Jan 3rd 2013 11:28AM
SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Duff & Phelps in Connection with a Proposed Going Private Transaction
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Duff & Phelps ("Duff & Phelps" or the "Company") (NYS: DUF) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from a consortium that includes The Carlyle Group, Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group.
Click here to learn how to join the action: http://zlk.9nl.com/duffandphelps-duf/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, the consortium would acquire the outstanding shares of Duff & Phelps it does not currently own for a value of $15.55 per share. The transaction has a total approximate value of $665.5 million. The investigation concerns, among other things, whether the proposed consideration to be paid to Duff & Phelps shareholders is unfair, inadequate, and substantially below the fair or inherent value of Duff & Phelps. In particular, at least one analyst set a price target for Duff & Phelps stock at $24 per share.
If you own common stock in Duff & Phelps 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/duffandphelps-duf/.
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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
KEYWORDS: United States North America New York Pennsylvania
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