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Law Offices of Howard G. Smith Announces Investigation of American Capital, Ltd.

^{Published on 2011-08-24 19:01:35 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against American Capital, Ltd. (aAmerican Capitala or the aCompanya) (NASDAQ:ACAS) concerning possible breaches of fiduciary duties by the Company or its fiduciaries. American Capital is a private equity and venture capital firm, specializing in management and employee buyouts, mezzanine, acquisition, recapitalization, middle market and growth capital investments.

The investigation concerns allegations that between October 2007 and November 2008 American Capitala™s exposure to events in the credit markets was greater than the Company had disclosed, the Company planned to retain capital gains from its investments rather than distributing them to shareholders, the Company would need to modify its policy concerning dividends, and the Companya™s internal and financial controls were insufficient.

If you purchased American Capital stock and still hold those shares, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].