Faruqi & Faruqi, LLP is Investigating Archon Corporation (ARHN) for Potential Breaches of Fiduciary Duties

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Archon Corporation (“Archon” or the “Company”) (OTC US: ARHN) for potential breaches of fiduciary duties in connection with their conduct related to the proposed sale of the Company to Esplanade Capital LLC, the Company’s second largest outside shareholder, in an all-cash deal valued at approximately $101 million. The proposed transaction offers Archon’s shareholders $17.50 in cash for each share of Archon common stock they own.

Request more information now by clicking here: www.faruqilaw.com/ARHN. There is no cost or obligation to you.

The investigation focuses on whether Archon’s Board of Directors is acting in accordance with their fiduciary duties to Archon’s stockholders to conduct an adequate and fair sales process to sell the Company, whether the proposed transaction adequately values the Company’s shares, and whether Archon’s Board of Directors is properly negotiating a price increase for the proposed transaction.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Archon and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ARHN or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Archon (CE) (USOTC:ARHN)
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から 11 2024 まで 12 2024