The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of PHC,...
25 Mai 2011 - 6:51PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
PHC, Inc. d/b/a Pioneer Behavioral Health (“PHC” or the “Company”)
(AMEX: PHC) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Acadia Healthcare Company, Inc. The transaction will be a
stock-for-stock exchange except for, among other things, a payment
of $5 million to Class B stockholders.
Click here to learn how to join the action:
http://www.zlk.com/phc-inc-phc.html, or call: 877-363-5972.
The investigation concerns whether the consideration to be paid
to PHC shareholders is inadequate or unfair. Furthermore, PHC CEO
Bruce Shear and affiliated parties own and control 93.1% of the PHC
Class B Common stock that is set to receive the payment of $5
million.
If you own common stock in PHC 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/phc-inc-phc.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.
Renasant (AMEX:PHC)
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