The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Du
Feb 11th 2013 11:53AM
Updated Feb 11th 2013 11:56AM
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Ark Restaurants Corp. in Connection with the Proposed Sale of the Company to Landry's Inc.
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Ark Restaurants Corp. ("Ark" or the "Company") (NasdaqGM: ARKR) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to Landry's, Inc.
Click here to learn more about the investigation: http://zlk.9nl.com/ark-restaurants-arkr/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, Ark shareholders would receive $22 in cash for each share of Ark stock they own. The transaction has a total approximate value of $71 million. The investigation concerns, among other things, whether the proposed consideration to be paid to Ark shareholders is unfair, inadequate, and substantially below the fair or inherent value of Ark.
If you own common stock in Ark 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 visit http://zlk.9nl.com/ark-restaurants-arkr/.
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.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America New York
The article The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Ark Restaurants Corp. in Connection with the Proposed Sale of the Company to Landry's Inc. originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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