The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Board o

f EXCO Resources
Levi & Korsinsky is investigating the Board of Directors of EXCO Resources, Inc.
for possible breaches of fiduciary duty and other violations of state law in co
nnection with the receipt of a proposal to purchase all the outstanding shares o
f stock of EXCO from its Chairman and Chief Executive Officer, Douglas H. Miller
.
New York, NY, November 02, 2010 -- Levi & Korsinsky is investigating the Board o
f Directors of EXCO Resources, Inc. (â EXCOâ or the â Companyâ ) (NYSE: XCO) for possi
of fiduciary duty and other violations of state law in connection with the recei
pt of a proposal to purchase all the outstanding shares of stock of EXCO from it
s Chairman and Chief Executive Officer, Douglas H. Miller. Under the terms of th
e proposed transaction, EXCO shareholders will receive $20.50 in cash for each s
hare of EXCO common stock. Mr. Miller currently owns approx. 2.15% of EXCOâ s shares
and he has engaged in discussions with other significant shareholders that own a
pprox. 27.5% of EXCOâ s shares to participate with him in an acquisition of EXCO.
Click here to learn how to join the action: http://www.zlk.com/exco-resources-xc
o.html, or call: 877-363-5972.
The investigation concerns whether the EXCO Board of Directors breached their fi
duciary duties to EXCO stockholders by failing to adequately shop the Company be
fore entering into this transaction and whether Mr. Miller is underpaying for EX
CO shares, thus unlawfully harming EXCO stockholders. In particular, at least an
alyst set a price target for EXCO stock at $29.00 per share.
If you own common stock in EXCO and wish to obtain additional information, pleas
e 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://www.zlk.com/exco-
resources-xco.html.
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.
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:
Jared Morine
Levi & Korsinsky, LLP
New York, NY
212-363-7500
jmorine@zlk.com
http://www.zlk.com