Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of ExpressJet Holdings, Inc.

Faruqi & Faruqi, LLP, a leading New York securities firm, is investigating the Board of Directors of ExpressJet Holdings, Inc. (“ExpressJet” or the “Company”) (NYSE: XJT) for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to SkyWest, Inc. The proposed transaction offers ExpressJet shareholders to only receive $6.75 in cash for each share they own. According to Thomson/First Call, at least one financial analyst values ExpressJet’s common stock at $8.00 per share.

Whether the ExpressJet Board of Directors breached their fiduciary duties to ExpressJet stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues ExpressJet shares and by how much this proposed transaction undervalues the Company to the detriment of ExpressJet shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in ExpressJet and wish to obtain additional information, please visit us at http://www.faruqilaw.com/expressjet or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Expressjet (NYSE:XJT)
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