Business & Finance
Business and Finance
Business and Finance
Fri, February 4, 2011
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Silver
NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Silverleaf Resorts, Inc. (NASDAQ: SVLF) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to SL Resort Holdings Inc., an affiliate of Cerberus Capital Management, L.P. Under the terms of the transaction, Silverleaf shareholders will receive $2.50 in cash for each share of Silverleaf common stock they own.
Click here to learn more about this investigation: [ http://www.zlk.com/silverleaf-resorts-svlf.html ], or call: 877-363-5972.
The investigation concerns whether the Silverleaf Board of Directors breached their fiduciary duties to Silverleaf stockholders by failing to adequately shop the Company before entering into this transaction and whether Cerberus is underpaying for Silverleaf shares, thus unlawfully harming Silverleaf stockholders. At least one analyst has set a price target of $5.00 per share for Silverleaf stock and the book value of Silverleaf shares is $5.47 per share.
If you own common stock in Silverleaf 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://www.zlk.com/silverleaf-resorts-svlf.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. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
