|
| [February 06, 2013] |
 |
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Metals USA Holdings Corp. in Connection with the Sale of the Company to Reliance Steel & Aluminum Co.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Metals USA
Holdings Corp. ("Metals USA" or the "Company") (NYSE:MUSA) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Reliance Steel & Aluminum Co.
Click here to learn how to join the action: http://zlk.9nl.com/metals-usa-holdings-musa/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Metals USA shareholders will receive
$20.65 for each share of Metals USA stock they own. The investigation
concerns hether the Metals USA Board of Directors breached their
fiduciary duties to stockholders by failing to adequately shop the
Company before entering into this transaction and whether Reliance Steel
& Aluminum Co. is underpaying for Metals USA shares, thus unlawfully
harming Metals USA stockholders. In particular, at least one analyst set
a price target for Metals USA stock at $21.00 per share.
If you own common stock in Metals USA 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/metals-usa-holdings-musa/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, 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.

[ Back To Technology News's Homepage ]
|