Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of XTO Energy Inc. - XTO
2009年12月15日 - 3:45AM
ビジネスワイヤ(英語)
Levi & Korsinsky is investigating the Board of Directors of
XTO Energy Inc.. (“XTO” or the “Company”) (NYSE: XTO) for possible
breaches of fiduciary duty and other violations of state law in
connection with their attempt to sell the Company to Exxon Mobil
Corp. ("Exxon") (NYSE: XOM). Under the terms of the transaction,
XTO shareholders will receive 0.7098 shares of Exxon stock for each
share of XTO they own for a total transaction value of
approximately $41 billion, including assumption of debt.
The investigation concerns whether the XTO Board of Directors
breached their fiduciary duties to XTO stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Exxon is underpaying for XTO shares, thus unlawfully
harming XTO stockholders.
If you own common stock in XTO and wish to obtain additional
information, please contact us at the number listed below or visit
http://www.zlk.com/xto1.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.
XTO (NYSE:XTO)
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