NEW YORK, April 9, 2013 /PRNewswire/ --
Lifshitz Law Firm announces that it is investigating potential claims against the board of directors of Exide Technologies (XIDE). On March 22, 2013 the South Coast Air Quality Management District (AQMD) announced it had reviewed and approved a health risk assessment from Exide Technologies showing that the Vernon facility is causing a potential health impact to residents in a large geographical area that includes portions of Vernon, Maywood, Huntington Park, Commerce, Boyle Heights and unincorporated areas of east Los Angeles. Under a California law commonly known as the Toxic Hot Spots program, facilities that emit toxic air pollutants must develop health risk assessments using scientific tools to estimate the risk of cancer as well as non-cancer health effects to residents. If the risk is higher than 25 in 1 million, the facility must develop and implement a plan to reduce it below that threshold within three years. The AQMD stated that Exide's health risk assessment shows a maximum cancer risk of 156 in 1 million, mostly due to arsenic emissions, to workers at a facility in Vernon next to Exide.
Star Scientific, Inc.
Lifshitz Law Firm announces that that a class action suit was filed in the United States District Court for the Eastern District of Virginia on behalf of purchasers of Star Scientific, Inc. ("Star Scientific") (STSI) between October 31, 2011 and March 18, 2013 ("Class Period"). The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose certain private placements and related party transactions since 2006 involving Star Scientific securities. The firm is investigating legal claims against the officers and Board of Directors of Star Scientific during the Class Period.
Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Sterling Bancorp (NYSE: STL) ("Sterling") to Provident New York Bancorp ("Provident") in a stock-for-stock transaction valued at $344 million, based on the closing price of Provident common stock on April 3, 2013. Sterling shareholders will receive a fixed ratio of 1.2625 shares of Provident common stock for each share of Sterling common stock. Upon closing, Provident shareholders will own approximately 53% of stock in the combined company; Sterling shareholders will own approximately 47%.
Lifshitz Law Firm's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.
For more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (212) 213-6222 Ext. 18 or by sending an e-mail including your contact information to: [email protected].
Lifshitz Law Firm is a New York based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.jlclasslaw.com.
ATTORNEY ADVERTISING. © 2013 Lifshitz Law Firm. The law firm responsible for this advertisement is Lifshitz Law Firm, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Joshua M. Lifshitz, Esq.
Lifshitz Law Firm
Email: [email protected]
SOURCE Lifshitz Law Firm