DRII SHAREHOLDER ALERT: The Law Offices of Vincent Wong Launches an Investigation of the Board of Directors of Diamond Resorts International, Inc. In Connection With the Sale of the Company to Apollo Group Management, LLC
NEW YORK, July 12, 2016 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Diamond Resorts International, Inc. (NYSE: DRII) ("Diamond Resorts International" or "the Company") in connection with the sale of the Company to Apollo Group Management, LLC. Under the terms of the transaction, Diamond Resorts International shareholders will receive $30.25 in cash for each share of Diamond Resorts International stock they own.
The investigation concerns whether the Board of Diamond Resorts International breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Apollo Group Management, LLC is underpaying for Diamond Resorts International shares.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]