Stull, Stull & Brody Announces Investigation On Behalf Of Shareholders Of Pinnacle Gas Resources, Inc.
Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of the common stock of Pinnacle Gas Resources, Inc. (“Pinnacle” or the “Company”) (Nasdaq: PINN) for possible breaches of fiduciary duty and other violations of state law by the Company’s Board of Directors (the “Board”) in connection with an agreement by the Board to sell all of the Company’s outstanding common shares to Scotia Waterous (USA) Inc. (“Scotia”) in a cash transaction valued at approximately $11 million or $0.34 per common share.
The current investigation concerns the price to be paid to Pinnacle shareholders and the process by which the Board is addressing the transaction. Under the terms of the proposed transaction, Pinnacle shareholders will receive $0.34 per share in cash. At least one analyst has set the target estimate for the common stock at $1.00 per share, and the Company's shares traded as high as $0.41 per share as recently as December 30, 2009.
If you own the common stock of Pinnacle and wish to obtain additional information about this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to email@example.com or by writing to Stull, Stull & Brody, 6 East 45 th Street, New York, NY 10017. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duty on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody has offices in New York and Los Angeles. Additional information about Stull, Stull & Brody can be found at the firm’s website at www.ssbny.com.
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