Harwood Feffer LLP Announces Investigation of American Capital, Ltd.

28 Dec, 2015, 15:46 ET from Harwood Feffer LLP

NEW YORK, Dec. 28, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of American Capital, Ltd. ("American Capital" or the "Company") (NASDAQ: ACAS), concerning whether the board has breached its fiduciary duties to shareholders.

On December 10, 2015, an online report was published alleging that: (a) certain tax documents could suggest American Capital's acquisition of Service Experts was a fraudulent transaction; (b) American Capital's subsidiary paid an unnamed employee $140 million over the course of three years; and (c) the $140 million payment was structured in a manner that hid it from American Capital shareholders    

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own American Capital shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: bsachsmichaels@hfesq.com   Website: http://www.hfesq.com   Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Logo - http://photos.prnewswire.com/prnh/20120215/MM54604LOGO

 

SOURCE Harwood Feffer LLP



RELATED LINKS

http://www.hfesq.com