Shareholder Alert: Levi & Korsinsky Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of SHFL entertainment, Inc. in Connection with the Sale of Outstanding Shares to Bally Technologies, Inc.
NEW YORK, July 17, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of SHFL entertainment, Inc. ("SHFL" or the "Company") (NasdaqGS: SHFL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Bally Technologies, Inc. (NYSE: BYI).
Click here to learn more about the investigation http://zlk.9nl.com/shfl-entertainment-shfl/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, SHFL shareholders will receive $23.25 in cash for each share of SHFL stock they own. The transaction has a total approximate value of $1.3 billion, including the assumption of debt. The investigation concerns whether the SHFL Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether Bally Technologies, Inc. is underpaying for SHFL, thus unlawfully harming SHFL shareholders.
If you own common stock in SHFL and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/shfl-entertainment-shfl/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey 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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP