ALCO STORES SHAREHOLDER ALERT: Levi & Korsinsky Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of ALCO Stores, Inc. in Connection with the Sale of Outstanding Shares to Argonne Capital Group LLC

NEW YORK, July 29, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of ALCO Stores, Inc. ("ALCO" or the "Company") (Nasdaq: ALCS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Argonne Capital Group LLC ("Argonne").

(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO )

Click here to learn more about the investigation http://zlk.9nl.com/alco-alcs/, or call: 877-363-5972.

Under the terms of the transaction, ALCO shareholders will receive $14 in cash for each share of ALCO stock they own. The transaction has a total approximate value of $47 million.  The investigation concerns whether the ALCO Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Argonne is underpaying for your ALCO shares.

If you own common stock in ALCO and wish to obtain additional information or discuss your rights, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/alco-alcs/. 

Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. 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 securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. 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 - 24th Floor
New York, NY 10004           
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (212) 363-7171
www.zlk.com 

SOURCE Levi & Korsinsky

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED