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Morgan & Morgan Announces Investigation of Bally Technologies, Inc. - BYI
NEW YORK, Aug. 6, 2014 /PRNewswire/ --Morgan & Morgan announces that it is investigating potential claims against the Board of Directors of Bally Technologies, Inc. ("Bally" or the "Company") (NYSE: BYI)relating to the proposed acquisition by Scientific Games Corporation ("Scientific Games").
Under the terms of the transaction, Bally shareholders will receive only $83.30 in cash for each share of Bally stock they own. The transaction may undervalue Bally as an analyst has set a $90 per share target for Bally stock.
Morgan & Morgan's investigation concerns whether Bally's Board of Directors breached their fiduciary duties to Bally's shareholders.
Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."
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Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
New York, NY 10036
SOURCE Morgan & Morgan
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