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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Smurfi

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  Published in House and Home on Monday, January 24th 2011 at 8:15 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Levi & Korsinsky is investigating the Board of Directors of Smurfit-Stone Container Corporation (aSmurfit-Stonea or the aCompanya) (NYSE: SSCC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RockTenn (NYSE: RKT). Under the terms of the transaction, Smurfit-Stone shareholders will receive 0.30605 shares of RockTenn common stock and $17.50 in cash, for an aggregate value of $35 per Smurfit-Stone common stock. The transaction has a total value of approximately $214 million.

Click here to learn how to join the action: [ http://www.zlk.com/smurfit-stone-sscc.html ], or call: 877-363-5972.

The investigation concerns whether the Smurfit-Stone Board of Directors breached their fiduciary duties to Smurfit-Stone stockholders by failing to adequately shop the Company before entering into this transaction and whether RockTenn is underpaying for Smurfit-Stone shares, thus unlawfully harming Smurfit-Stone stockholders.

If you own common stock in Smurfit-Stone and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit [ http://www.zlk.com/smurfit-stone-sscc.html ].

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.