The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of GeoResources...
25 Abril 2012 - 1:49PM
Business Wire
Levi & Korsinsky notifies investors of GeoResources, Inc.
(“GeoResources”) (Nasdaq: GEOI) of claims of breaches of fiduciary
duty and other violations of state law against the board of
directors of the Company in connection with the sale of the Company
to Halcon Resources Corp. Under the terms of the transaction,
GeoResources shareholders will receive $20 in cash and 1.932 shares
of Halcon stock for each GeoResources share they own, representing
a value of $37.97 per share. The transaction has a total
approximate value of $1 billion.
Click here to learn how to join the action:
http://www.zlk.com/georesources-geoi, or call: 877-363-5972. There
is no cost or obligation to you.
The investigation concerns whether the GeoResources Board of
Directors breached their fiduciary duties to GeoResources
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Halcon Resources Corp.
is underpaying for GeoResources shares, thus unlawfully harming
GeoResources stockholders. In particular, at least one analyst set
a price target of $43.00 per share of GeoResources stock.
If you own common stock in GeoResources 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 http://www.zlk.com.
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.
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