American Commercial Lines, Inc. Merger Litigation (Nasdaq: ACLI)

Law Office of Brodsky & Smith, LLC Announces Investigation of American Commercial Lines, Inc. 
 
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors American Commercial Lines, Inc. (“American Commercial”) or the “Company”) (Nasdaq: ACLI – News) relating to the proposed acquisition by an affiliate of Platinum Equity (“Platinum”).  
 
Under the terms of the offer, American Commercial shareholders would receive cash of $33.00 for each share of American Commercial stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that the offer represents no premium over the $33.18 a share American Commercial stock traded at as recently as October 13, 2010 and an analyst set a price target for American Commercial at $50.00 per share. Thus, shareholders need additional information to know if the Board of Directors breached their fiduciary duties by failing to adequately shop the Company, which has resulted in Platinum underpaying for the company. 
 
If you own shares of Platinum and wish to discuss the legal ramifications of the proposed transaction, or have any questions, 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 Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90. 

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