|[July 21, 2014]
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Lorillard, Inc. in Connection with the Sale of the Company
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Lorillard, Inc.
("Lorillard" or the "Company") (NYSE: LO) relating to the proposed
acquisition by Reynolds American, Inc. ("Reynolds").
Click here to learn more about the investigation http://brodsky-smith.com/791-lo-lorillard-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Lorillard shareholders will receive
only 0.2909 of a share of Reynolds stock and $50.50 in cash for each
share of Lorillard stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
oard of Directors of Lorillard for not acting in the Company's
shareholders' best interests in connection with the sale process.
Further, the investigation seeks to determine if conflicts of interest
played a role in the transaction. After the transaction is complete
Lorillard shareholders will own only approximately 15% of the new
entity. However, British American Tobacco, which currently owns
approximately 42% of Lorillard is being given the opportunity to invest
additional monies to fund the transaction, which will allow them to keep
its 42% ownership stack.
If you own shares of Lorillard common stock and wish to discuss the
legal ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail
by visiting http://brodsky-smith.com/791-lo-lorillard-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
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