NEW YORK, NY / ACCESSWIRE / December 13, 2017 / Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating whether the Board of Directors of Regal Entertainment Group ("Regal" or the "Company") (NYSE: RGC) breached their fiduciary duties to the Company's shareholders by agreeing to sell Regal to Cineworld Group PLC (CINE.L) for $23 in cash for each share of Class A and Class B Regal stock.
Wolf Haldenstein is investigating whether the Board of Directors' decision to sell the company now at a low price per share rather than allow shareholders to continue to participate in the company's continued success and future growth prospects is in shareholders’ best interests.
Investors who currently hold shares of Regal Entertainment Group and held prior to the December 5, 2017 merger announcement, are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. Regal Entertainment Group shareholders have the option to file a class action lawsuit to ensure the Board of Directors obtains the best possible price for shareholders and the disclosure of all material information.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago, and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
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Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
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SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP
