Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of America Service Group Inc. (“America Service Group” or the “Company”) (NasdaqGS: ASGR) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to a privately held Valitas Health Services Inc. for approximately $250 million in cash. Under the terms of the proposed transaction, shareholders of America Service Group will receive only $26 a share.
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Whether the America Service Group’s Board of Directors breached their fiduciary duties to America Service Group’s 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 America Service Group’s shares and by how much this proposed transaction undervalues the Company to the detriment of America Service Group 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 America Service Group and wish to obtain additional information, please visit us at www.faruqilaw.com/ASGR or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.