NEW YORK, Nov. 7, 2014 /PRNewswire/ -- Levi & Korsinsky
announces that the firm has filed a lawsuit on behalf of
shareholders of Schuff International, Inc. ("Schuff") (OTC: SHFK).
The lawsuit challenges the merger of Schuff with and into HC2
Holdings, Inc., alleging that the deal undervalues Schuff stock,
which has recently traded above the offer price of $31.50 per share.
For more information, click here:
http://zlk.9nl.com/schuff-international-shfk/.
On August 20, 2014, Schuff and its
corporate parent and controlling shareholder HC2 Holdings, Inc.
announced that HC2 would acquire all remaining shares of Schuff for
$31.50 in cash per share. HC2 is run
by Philip Falcone, an investor who
was last year accused by the SEC of manipulating the stock market,
and was banned from the securities industry for five years.
If you own shares of Schuff and wish to participate in the
action or obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit
http://zlk.9nl.com/schuff-international-shfk/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. 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 - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP
