NEW YORK, Nov. 3, 2010 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of EXCO Resources, Inc. ("EXCO" or the "Company") (NYSE:XCO) against the Company's board of directors in connection with the Company's receipt of a proposal from EXCO's Chairman and CEO, Douglas H. Miller ("Miller"), to acquire the remainder of the Company he does not already own in a transaction valued at approximately $20.50 per share in cash or $4.36 billion. EXCO investors are advised to contact Fei-Lu Qian at 888-476-6529 or flqian@pomlaw.com.
The investigation concerns whether the EXCO board of directors breached their fiduciary duties to EXCO shareholders by failing to adequately shop the Company and whether Miller is underpaying for EXCO shares, thus unlawfully harming EXCO shareholders. At least four analysts set price targets for EXCO stock at above the offering price.
The Pomerantz Firm, with offices in New York, Chicago and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .
CONTACT: Pomerantz Haudek Grossman & Gross LLP Fei-Lu Qian (888) 476.6529 (888) 4.POMLAW flqian@pomlaw.com