Compliance December 28, 2011

Investigation into Sale of WCA Waste Corp. Underway

A law firm is investigating the Board of Directors of WCA Waste Corporation for possible breaches of fiduciary duty in connection with the sale of the company to Macquarie Infrastructure Partners II.  
Reported by

Levi & Korsinsky’s investigation concerns whether the WCA Board of Directors breached their fiduciary duties to WCA stockholders by failing to adequately shop the company before entering into this transaction and whether MIP II is underpaying for WCA shares, thus unlawfully harming WCA stockholders. In particular, the Company has reported a book value of $7.79 per share, for the most recent quarter.

Under the terms of the transaction, WCA shareholders will receive $6.50 per share of WCA stock they own. The transaction has a total approximate value of $526 million including the refinance of WCA’s existing credit facilities.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

Owners of common stock in WCA who want additional information can contact Joseph E. Levi, Esq., at jlevi@zlk.com or (212) 363-7500.

Compliance December 28, 2011

Law Firm Investigating Sale of Winn-Dixie Stores

Bull & Lifshitz, LLP, is investigating possible breaches of fiduciary duty in connection with the proposed sale of Winn-Dixie Stores, Inc., to BI-LO, LLC.
Reported by

Under the terms of the definitive agreement, BI-LO will acquire all of the outstanding shares of Winn-Dixie stock in the merger. Winn-Dixie shareholders will receive $9.50 in cash per share of Winn-Dixie common stock.

Bull & Lifshitz, LLP’s, investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Bull & Lifshitz, LLP is a New York City-based law firm that often represents investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. Shareholders that would like more information about the investigation can contact Peter D. Bull, Esq., at (866) 313-6222 or counsel@nyclasslaw.com.

«