The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Smur...
January 24 2011 - 11:03AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Smurfit-Stone Container Corporation (“Smurfit-Stone” or the
“Company”) (NYSE: SSCC) for possible breaches of fiduciary duty and
other violations of state law in connection with the sale of the
Company to RockTenn (NYSE: RKT). Under the terms of the
transaction, Smurfit-Stone shareholders will receive 0.30605 shares
of RockTenn common stock and $17.50 in cash, for an aggregate value
of $35 per Smurfit-Stone common stock. The transaction has a total
value of approximately $214 million.
Click here to learn how to join the action:
http://www.zlk.com/smurfit-stone-sscc.html, or call:
877-363-5972.
The investigation concerns whether the Smurfit-Stone Board of
Directors breached their fiduciary duties to Smurfit-Stone
stockholders by failing to adequately shop the Company before
entering into this transaction and whether RockTenn is underpaying
for Smurfit-Stone shares, thus unlawfully harming Smurfit-Stone
stockholders.
If you own common stock in Smurfit-Stone and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlk.com/smurfit-stone-sscc.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. 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 litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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