Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of International Coal Group, Inc. (“International Coal” or the “Company”) (NYSE: ICO) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Arch Coal, Inc. (NYSE: ACI) for approximately $3.4 billion in cash. The proposed transaction offers International Coal shareholders $14.60 per share in cash.
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Whether the International Coal’s Board of Directors breached their fiduciary duties to International Coal’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues International Coal’s shares and by how much this proposed transaction undervalues the Company to the detriment of International Coal shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in International Coal and wish to obtain additional information, please visit us at www.faruqilaw.com/ICO or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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