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

03-04-2011 11:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of America Service Group, Inc. ("American Service Group" or the “Company”) (Nasdaq: ASGR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Valitas Health Services, Inc. (“Valitas”).

New York, NY, March 04, 2011 -- Levi & Korsinsky is investigating the Board of Directors of America Service Group, Inc. ("American Service Group" or the “Company”) (Nasdaq: ASGR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Valitas Health Services, Inc. (“Valitas”). Under the terms of the agreement, America Service Group stockholders will receive $26 in cash per share of America Service Group stock they own for a total transaction value of approximately $250 million. Rich Hallworth, President and Chief Executive of American Service Group, will serve as the Chief Executive of the combined company.

Click here to learn more about the investigation: http://www.zlk.com/america-service-asgr, or call: 877-363-5972.

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

If you own common stock in America Service Group 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/america-service-asgr.

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.

Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience

Joanna Chlebus
Levi & Korsinsky, LLP
30 Broad St, 15th Floor
New York, NY 10004
212-363-7500
jchlebus@zlk.com
http://www.zlk.com

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