Business & Finance
Mon, May 21, 2012Sun, May 20, 2012Fri, May 18, 2012Thu, May 17, 2012Wed, May 16, 2012Tue, May 15, 2012Mon, May 14, 2012The Law Firm of Levi amp;; Korsinsky Notifies Investors with Losses on Their Investment in Dynegy Inc. of Class Action L
Published in Business and Finance on Wednesday, May 16th 2012 at 12:36 GMT by Market Wire
Upcoming Deadline: The Law Firm of Levi & Korsinsky Notifies Investors with... -- NEW YORK, May 16, 2012 /PRNewswire/ --
Upcoming Deadline: The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Dynegy Inc. of Class Action Lawsuit and the Deadline of May 29, 2012 to Seek a Lead Plaintiff Position
NEW YORK, May 16, 2012 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Dynegy Inc. ("Dynegy" or the "Company") (NYSE: [ DYN ]) stock between September 2, 2011 and March 9, 2012 (the "Class Period").
(Logo: [ http://photos.prnewswire.com/prnh/20120409/MM84375LOGO ] )
For more information, click here: [ http://www.zlk.com/dynegy-dyn ].
The complaint alleges that defendants made materially false and misleading statements and failed to disclose materially adverse information about the Company's business and operations. In particular, the complaint alleges that the Company knew or recklessly failed to inform investors that Dynegy's wholly-owned subsidiary fraudulently transferred direct ownership in one of Dynegy's indirectly owned subsidiaries to the Company.
On March 9, 2012, a bankruptcy-court examiner disclosed that Dynegy improperly acquired direct ownership of the indirectly owned subsidiary through a fraudulent transfer. According to an article in The Wall Street Journal, this "asset reshuffling" specifically "benefited billionaire Carl Icahn and other shareholders at the expense of creditors." Upon this news, Dynegy stock fell approximately 35% below the closing price of the previous day.
If you suffered a loss in Dynegy you have until May 29, 2012to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (877) 363-5972, or visit [ http://www.zlk.com ].
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]
SOURCE Levi & Korsinsky, LLP
[ Back to top ] RELATED LINKS
[ http://www.zlk.com ]
