Caesars Acquisition Co. Shareholder Alert – Investigating the Board of Directors of Caesars Acquisition Co.
January 6, 2015
New York, New York
Tripp Levy PLLC, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Caesars Acquisition Co. (“CAC” or the “Company”) (Nasdaq: CACQ) for potential breaches of fiduciary duties in connection with the sale of the Company to Caesars Entertainment Corp. (“Caesars Entertainment”) (Nasdaq: CZR) in all-stock transaction. The Company’s stockholders will only receive 0.664 shares for each share of CAC common stock they own.
The investigation focuses on whether CAC’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of CAC’s shareholders.
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.