NEW YORK, July 29, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of ALCO Stores, Inc. ("ALCO" or the "Company") (Nasdaq: ALCS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Argonne Capital Group LLC ("Argonne").
Click here to learn more about the investigation http://zlk.9nl.com/alco-alcs/ , or call: 877-363-5972.
Under the terms of the transaction, ALCO shareholders will receive $14 in cash for each share of ALCO stock they own. The transaction has a total approximate value of $47 million. The investigation concerns whether the ALCO Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Argonne is underpaying for your ALCO shares.If you own common stock in ALCO and wish to obtain additional information or discuss your rights, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/alco-alcs/ . 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. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky