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Levi & Korsinsky, LLP investigates Possible Breach of Fiduciary Duty by the Board of Dynergy Inc. - DYN

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^{Published in Business and Finance on Friday, August 13th 2010 at 7:45 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Dynergy Inc.(aDynergya or the aCompanya) (NYSE: DYN) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to The Blackstone Group L.P. (aBlackstonea) (NYSE: BX). Under the terms of the transaction, Dynergy shareholders will receive $4.50 in cash for each Dynergy share they own for a total transaction value of approximately $4.7 billion, including the assumption of debt.

The investigation concerns whether the Dynergy Board of Directors breached their fiduciary duties to Dynergy stockholders by failing to adequately shop the Company before entering into this transaction and whether Blackstone is underpaying for Dynergy shares, thus unlawfully harming Dynergy stockholders. In particular, Dynergy stock traded at $5.35 per share as recently as May 28, 2010 and at least one analyst set a price target for Dynergy stock at $7.50 per share.

If you own common stock in Dynergy 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 or visit [ http://www.zlk.com/dynergy-dyn.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.