This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Advance America, Cash Advance Centers, Inc. In Connection With The Sale Of The Company To Grupo Elektra, S.A.B. De C.V.

Levi & Korsinsky is investigating the Board of Directors of Advance America, Cash Advance Centers, Inc. (“Advance America ” or the “Company”) (NYSE: AEA) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA.MX). Under the terms of the agreement, Advance America shareholders will receive $10.50 per share of Advance America stock they own. The transaction has a total approximate value of $780 million.

Click here to learn how to join the action: http://www.zlk.com/advance-america-aea, or call: 877-363-5972. There is no cost or obligation to you.

The investigation concerns whether the Advance America Board of Directors breached their fiduciary duties to Advance America stockholders by failing to adequately shop the Company before entering into this transaction and whether Grupo Elektra, S.A.B. de C.V. is underpaying for Advance America shares, thus unlawfully harming Advance America stockholders. In particular, at least one analyst set a price target of $11.00 per Advance America share.

If you own common stock in Advance America 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, http://www.zlk.com.

Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.



Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs