MTR Gaming Group, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Eldorado Resorts, LLC
October 04, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of MTR Gaming Group, Inc. (“MTR Gaming” or the “Company”) (NASDAQ: MNTG) breached its fiduciary duty to its shareholders in agreeing to sell MTR Gaming to Eldorado Resorts, LLC.
Under the terms of the agreement, a cash election option will be offered at $5.15 per share for up to 5.8 million shares to MTR Gaming’s current stockholders. MTR Gaming’s remaining common shares will be exchanged for shares in the combined new company. The investigation is focused on the potential unfairness of the price to MTR Gaming shareholders and the process by which the MTR Gaming Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP 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 ten years.