SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Lakes Entertainment, Inc.
January 28 2015 - 7:19PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Lakes Entertainment, Inc. ("Lakes” or "the Company") (Nasdaq: LACO)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Sartini
Gaming, which owns Golden Gaming, LLC (“Golden”).
Click here to learn more about the investigation
http://brodsky-smith.com/881-laco-lakes-entertainment-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Lakes shareholders will
receive stock in the new company only valued at $9.57 for each
share of Lakes stock they own. The investigation concerns whether
the Board of Lakes breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Golden is underpaying for Lakes.
The transaction may undervalue Lakes and will result in a loss for
many shareholders. For example, Lakes stock traded at $10.90 per
share as recently as March 10, 2014.
If you own shares of Lakes and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/881-laco-lakes-entertainment-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/881-laco-lakes-entertainment-inc.html
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