NEW YORK, May 2, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of International Coal Group, Inc. ("ICG" or the "Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Arch Coal, Inc. Under the terms of the transaction ICG shareholders will receive $14.60 per share of ICG stock they own. The transaction has a total estimated value of $3.4 billion.
Click here to learn how to join the action: http://www.zlk.com/international-coal-group-ico.html, or call: 877-363-5972.
The investigation concerns whether the ICG Board of Directors breached their fiduciary duties to ICG stockholders by failing to adequately shop the Company before entering into this transaction and whether Arch Coal, Inc. is underpaying for ICG shares, thus unlawfully harming ICG stockholders.
If you own common stock in ICG and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/international-coal-group-ico.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com