NEW YORK, June 5, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of CREDO
Petroleum Corporation ("Credo" or the "Company") (Nasdaq: CRED) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Forestar Group,
Inc. (NYSE: FOR).
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Click here to learn how to join the action:
http://zlk.9nl.com/credo-petroleum-cred, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Credo shareholders will
receive $14.50 for each share of
Credo stock they own. The transaction has a total approximate
value of $146 million. The
investigation concerns whether the Credo Board of Directors
breached their fiduciary duties to Credo stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Forestar Group, Inc. is underpaying for Credo shares,
thus unlawfully harming Credo stockholders.
If you own common stock in Credo 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
http://zlk.9nl.com/credo-petroleum-cred.
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. 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 securities lawsuits
and have successfully recovered multimillion-dollar damages awards
on behalf of investors. 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