Bernstein Liebhard LLP Announces Investigation of Acquisition of Great Wolf Resorts, Inc. by an Affiliate of Apollo Global Management, LLC
March 13, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Great Wolf Resorts, Inc. (“Great Wolf” or the “Company”) (NASDAQ: WOLF) breached its fiduciary duty to its shareholders in agreeing to sell Great Wolf to an affiliate of Apollo Global Management, LLC.
Under the terms of the agreement, Great Wolf shareholders will receive $5.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Great Wolf shareholders and the process by which the Great Wolf Board of Directors considered and approved the transaction.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.