VCG Holding Corp. Merger Litigation (Nasdaq: VCGH)
Law Office of Brodsky & Smith, LLC Announces Investigation of VCG Holding Corp.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of VCG Holding Corp. (“VCG Holding” or the “Company”) (Nasdaq:VCGH – News) related to the transaction to take the Company private by the Chairman and CEO, Lowrie Management, LLP, and certain other unidentified investors.
Under the terms of the transaction, VCG Holding shareholders are to receive $2.10 per share in cash for each share of VCG Holding common stock they own. The investigations concerns whether the board breached their fiduciary duties given that VCG Holding stock traded at $2.27 on November 18, 2009 and $2.45 on June 11, 2009.
If you are a VCG Holding shareholder and wish to discuss the legal ramifications of the Board’s actions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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