The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of International Coal Group, Inc. ("ICG" or the "Company") (NYSE: ICO) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Arch Coal, Inc. (NYSE: ACI). Under the terms of the proposed transaction, ICG shareholders are to receive $14.60 in cash for each share they own, for a total transaction value of about $3.4 billion.
The investigation involves whether the Board of Directors of ICG breached their fiduciary duties to ICG stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether ICG has disclosed all material information to shareholders about the proposed transaction. Of particular interest, over the past ten months, ICG shares have increased almost 195% from July 1, 2010 to April 29, 2011.
If you own stock in ICG and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at firstname.lastname@example.org or by telephone at (561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.
Jonathan M. Stein, Esq.
|Law Office of Jonathan M. Stein, P.L.|
|120 E. Palmetto Park Rd., Suite 420|
|Boca Raton, FL 33432|