Archon Shareholder Alert: The Briscoe Law Firm & Powers Taylor, LLP Investigate the Board of Archon Corp. Concerning the Rece...
2013年4月19日 - 4:44AM
ビジネスワイヤ(英語)
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating potential claims against the Board of
Directors of Archon Corporation (“Archon”) (OTC: ARHN) concerning
the board’s receipt of an acquisition proposal from Esplanade
Capital, the second largest outside shareholder of Archon. Under
the proposal, Esplanade Capital made an offer to acquire all of
outstanding shares of Archon common stock for $17.50 per share.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to the determination of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com.
There is no cost or fee to you.
The investigation centers on, among other things, whether
Archon’s Board of Directors is acting in the shareholders’ best
interests, whether the board is properly considering the proposed
price for the shareholders, and whether the board has employed an
adequate process to review and act on the proposed transaction.
According to shareholder rights attorney Willie Briscoe, “Due to
the size of the deal, we want to ensure that the Board of Directors
is acting in the best interests of the shareholders and taking all
available steps to ensure the highest share price for all
shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Archon (CE) (USOTC:ARHN)
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