Faruqi & Faruqi, LLP is Investigating Erickson Air-Crane, Inc. on Behalf of its Shareholders - EAC
Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and the enforcement of federal antitrust laws, is investigating potential claims against the Board of Directors of Erickson Air-Crane, Inc. (“Erickson” or the “Company”) (Nasdaq: EAC) concerning possible breaches of fiduciary duty and other violations of state law in connection with the Company’s acquisition of Evergreen Helicopters, Inc. ("Evergreen"). The investigation concerns whether the acquisition of Evergreen constituted a breach of fiduciary duty by the Erickson Board of Directors, and Erickson’s majority shareholder, ZM Funds.
Specifically, on March 20, 2013, Erickson announced it had agreed to acquire Evergreen for $250 million, a deal which effectively allowed Erickson’s majority shareholder, ZM Funds, to exchange approximately $120 million in distressed debt of Evergreen for millions of more valuable Company shares. Shareholders interested in seeking to recover damages on behalf of Erickson and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold EAC shares and you would like to discuss your legal rights, you can contact us by calling Michael J. Hynes free at 877-247-4292 or at 215-277-5770 or by sending an e-mail to email@example.com.