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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of ASGR

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of ASGR

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Levi & Korsinsky is investigating the Board of Directors of America Service Group, Inc. ("American Service Group" or the “Company”) (Nasdaq: ASGR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Valitas Health Services, Inc. (“Valitas”).
Levi & Korsinsky is investigating the Board of Directors of America Service Group, Inc. ("American Service Group" or the “Company”) (Nasdaq: ASGR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Valitas Health Services, Inc. (“Valitas”).

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Categories:Types, Business/Law
Published by: fazil on Mar 04, 2011
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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Br eaches of Fiduciary Duty by the Board

of ASGR Levi & Korsinsky is investigating the Board of Directors of America Service Grou p, Inc. ("American Service Group" or the “Company”) (Nasdaq: ASGR) for possible brea ches of fiduciary duty and other violations of state law in connection with the sale of the company to Valitas Health Services, Inc. (“Valitas”). New York, NY, March 04, 2011 -- Levi & Korsinsky is investigating the Board of D irectors of America Service Group, Inc. ("American Service Group" or the “Company”) (Nasdaq: ASGR) for possible breaches of fiduciary duty and other violations of s tate law in connection with the sale of the company to Valitas Health Services, Inc. (“Valitas”). Under the terms of the agreement, America Service Group stockholde rs will receive $26 in cash per share of America Service Group stock they own fo r a total transaction value of approximately $250 million. Rich Hallworth, Presi dent and Chief Executive of American Service Group, will serve as the Chief Exec utive of the combined company. Click here to learn more about the investigation: http://www.zlk.com/america-ser vice-asgr, or call: 877-363-5972. The investigation concerns whether the America Service Group Board of Directors breached their fiduciary duties to America Service Group stockholders by failing to adequately shop the Company before entering into this transaction and whethe r Valitas is underpaying for America Service Group shares, thus unlawfully harmi ng America Service Group stockholders. If you own common stock in America Service Group and wish to obtain additional i nformation, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.co m or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http:// www.zlk.com/america-service-asgr. Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents invest ors throughout the nation, concentrating its practice in securities and sharehol der litigation. The attorneys at Levi & Korsinsky have been appointed by numerou s courts throughout the country to serve as lead counsel on behalf of shareholde rs in major litigations involving mergers and acquisitions. For more information , please feel free to contact any of the attorneys listed below. Attorney advert ising. Prior results do not guarantee similar outcomes. Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Br oad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (87 7) 363-5972, Fax: (212) 363-7171, www.zlk.com Contact: Joanna Chlebus Levi & Korsinsky, LLP 30 Broad St, 15th Floor New York, NY 10004 212-363-7500 jchlebus@zlk.com http://www.zlk.com

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