NEW YORK, May 29, 2013 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Stewart Enterprises, Inc. ("Stewart Enterprises" or the "Company") (Nasdaq: STEI) breached its fiduciary duty to its shareholders in agreeing to sell Stewart Enterprises to Service Corporation International (NYSE: SCI).
Under the terms of the agreement, Stewart Enterprises shareholders will receive $13.25 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Stewart Enterprises shareholders and the process by which the Stewart Enterprises Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Stewart Enterprises stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.
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SOURCE Bernstein Liebhard LLP