The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of EnergySolutions, Inc. in Connection with the Sale of the Company to Energy Capital Partners II, LLC
NEW YORK, Jan. 8, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of EnergySolutions, Inc. ("EnergySolutions" or the "Company") (NYSE: ES) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of Energy Capital Partners II, LLC.
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Under the terms of the transaction, EnergySolutions shareholders will receive $3.75 per share of EnergySolutions stock they own. The transaction has a total approximate value of $1.1 billion. The investigation concerns whether the EnergySolutions Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Energy Capital Partners II, LLC is underpaying for EnergySolutions, thus unlawfully harming EnergySolutions stockholders. In particular, at least one analyst has set a price target for EnergySolutions stock at $5.00 per share.
If you own common stock in EnergySolutions and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/energysolutions-es/.
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: (866) 367-6510
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