|
|
Article: Institutional Shareholder of United States Exploration, Inc. Retains Milberg Weiss in Action to Enjoin Proposed Merger.
- Article from:
- Business Wire
- Article date:
- January 26, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors/Financial Analysts
SAN DIEGO--(BUSINESS WIRE)--Jan. 26, 2004
Milberg Weiss announced that, on behalf of one of its institutional clients, Pennsylvania Avenue Event Driven Fund, it has filed a complaint which seeks class action status and to enjoin the proposed acquisition of United States Exploration, Inc. ("U.S. Exploration") (AMEX:UXP) by U.S. Exploration's top executives. Under the proposed acquisition, each share of U.S. Exploration would receive $2.82. The suit alleges numerous breaches of fiduciary duty and failure of the U.S. Exploration officers/directors to act in good faith with regard to the proposed acquisition between U.S. ...