SYNM Syntroleum Corp. (MM)

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Syntroleum Corp. (“Syntroleum”) (NasdaqCM: SYNM) related to the sale of substantially all its assets to a wholly owned subsidiary of Renewable Energy Group, Inc. (“Renewable”) for shareholders. Under the terms of the agreement, Syntroleum will receive 3,796,000 shares of Renewable common stock (subject to downward adjustment), which Syntroleum plans to distribute to Syntroleum stockholders. Depending on if Syntroleum’s cash reserve is sufficient to discharge Syntroleum’s obligations and expenses associated with the asset sale and dissolution, Syntroleum shareholders will then receive about 0.3809 shares of Renewable common stock per share of Syntroleum owned. However, if unanticipated expenses and liabilities arise, there is a chance that Syntroleum must sell a portion of or all of the REG common stock, thereby reducing and even eliminating the assets available for distribution for shareholders.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.

The Syntroleum investigation centers on whether Syntroleum’s Board of Directors is acting in the shareholders’ best interests, whether the board is properly considering the asset sale for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLCWillie Briscoe, 214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor LLPZach Groover, 877-728-9607shareholder@powerstaylor.com

Syntroleum Corp. (MM) (NASDAQ:SYNM)
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