WeissLaw LLP Investigates Ameristar Casinos, Inc. Acquisition

WeissLaw LLP, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Ameristar Casinos, Inc. (“Ameristar” or the “Company”) (NASDAQ GS: ASCA) arising from its agreement for Ameristar to be acquired by Pinnacle Entertainment, Inc. (“Pinnacle”) (NYSE: PNK), in a transaction valued at approximately $2.8 billion. Under the terms of the proposed transaction Ameristar shareholders will receive $26.50 in cash for each Ameristar share they own. This price is below the target price set by certain securities analysts.

WeissLaw LLP is investigating whether Ameristar’s Board acted in the best interests of its public shareholders by actively shopping the Company to maximize shareholder value for Ameristar’s public shareholders, prior to entering into the proposed transaction with Pinnacle. If you own Ameristar shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Joshua M. Rubin either by email at info@weisslawllp.com or by telephone at (888) 593-4771.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at info@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

Copyright Business Wire 2010

If you liked this article you might like

Pinnacle Entertainment: Potential REIT Spin-Off Could Unlock Value

The Deal: Louisiana Clears Ameristar Deal

The Deal: Approval Path for Ameristar Deal Indicates August Close

Stocks Fall as Republican Leader Loses Control of His Party

Stock Futures Tank on 'Fiscal Cliff' Woes