Bull & Lifshitz, LLP Announces Investigation of the Acquisition of ExpressJet Holdings, Inc.

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of ExpressJet Holdings, Inc. (NYSE: XJT - News) (referred to as "ExpressJet" or the “Company”) by Atlantic Southeast Airlines, Inc. ("Atlantic Southeast"), SkyWest, Inc.’s (NASDAQ: SKYW - News) ("SkyWest") wholly-owned subsidiary, in a cash transaction representing a net purchase price of approximately $133 million after giving effect for shares already owned by Atlantic Southeast.

The definitive merger agreement has been unanimously approved by the SkyWest and ExpressJet boards of directors. Under the terms of the transaction, ExpressJet shareholders will receive $6.75 cash for each share they own. Upon completion of the merger, ExpressJet will become a wholly-owned subsidiary of Atlantic Southeast, with the intention of combining the operations of ExpressJet Airlines and Atlantic Southeast.

Bull & Lifshitz, LLP's investigation is focused on whether the ExpressJet Board of Directors breached their fiduciary duties to ExpressJet shareholders and whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of ExpressJet stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of ExpressJet and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: counsel@nyclasslaw.com. All e-mail correspondence should make reference to ExpressJet.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Expressjet (NYSE:XJT)
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