The Briscoe Law Firm investigates AirTran Holdings, Inc. concerning the buy-out by Southwest Airline
27-Sep-2010 The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, is investigating potential legal claims against the Board of Directors of AirTran Holdings, Inc. (“AAI” or “Company”) (NYSE: AAI) related to the proposed acquisition of AAI by Southwest Airlines.
The acquisition agreement, which was announced on September 27, 2010, involves a transaction valued at approximately $1.37 billion under which AAI shareholders will receive a combination of Southwest stock and cash valued between $7.25 and $7.75 per each share of AirTran common stock they hold. The investigation relates to possible breaches of fiduciary duty and other violations of state law by the Board of Directors of AAI for approving this transaction and whether AAI's Board of Directors acted in the shareholders' best interests.
If you currently own shares of AAI and would like additional information regarding this investigation, or if you have information regarding the allegations involving this transaction, please contact Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.