The Law Firm Of Levi & Korsinsky, LLP Launches An Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Directors Of Arabian American Development Company In Connection With Executive Compensation
NEW YORK, April 26, 2012 /PRNewswire/ -- Levi & Korsinsky, LLP is investigating Arabian American Development Company (NYSE: ARSD), and its Board of Directors, in connection with the compensation provided to certain executive officers. To get more information, click here: http://www.zlk.com/arabian-american-development-arsd. If you own common stock in Arabian American Development Company and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com. Levi & Korsinsky is a national firm with offices in New York 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) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP
Shares of Arabian American Development Company (Nasdaq:ARSD) have taken a tremendous swing upward. The stock is trading at $8.43 as of 9:33 a.m. ET, 22.3% above Friday's closing price of $6.89. Volume is at 36,105, 1.5 times the daily average of 23,900.