NEW YORK, July 16, 2014 /PRNewswire/ --Levi & Korsinsky is investigating the Board of Directors of Lorillard Inc. ("Lorillard" or "the Company") (NYSE: LO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Reynolds American Inc.
Click here to learn more about the investigation: http://zlk.9nl.com/lorillard-lo, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Lorillard shareholders will receive $50.50 in cash and 0.2909 shares of Reynolds common stock for each share of Lorillard stock they own, representing an approximate value of $68.88 per share. The investigation concerns whether the Board of Lorillard breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Reynolds American Inc. is underpaying for Lorillard shares.
If you own Lorillard common stock 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, or visit http://zlk.9nl.com/lorillard-lo.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP
