INVESTOR ALERT: LEVI & KORSINSKY, LLP Notifies Investors of EMERITUS CORP. of Class Action Against Its Board of Directors In ...
March 18 2014 - 11:49AM
Levi & Korsinsky notifies investors of Emeritus Corp.
("Emeritus" or "the Company") (NYSE:ESC) of claims of breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to Brookdale Senior Living Inc.
("Brookdale") (NYSE:BKD). A complaint was filed in Washington state
court.
Click here to learn more:
http://zlk.9nl.com/emeritus-esc, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Emeritus shareholders will
receive 0.95 shares of Brookdale common stock for each share of
Emeritus stock they own. The deal has a total approximate value of
$2.8 billion, including the assumption of debt. The claims concern
whether the Emeritus Board breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Brookdale is
underpaying for Emeritus shares.
If you own Emeritus common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/emeritus-esc.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: 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
www.zlk.com
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