Niska Gas Storage Partners LLC Merger Litigation (NYSE: NKA)
http://brodsky-smith.com/953-nka-niska-gas-storage-partners-llc.html
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Niska Gas Storage Partners LLC. -NKA
BALA CYNWYD, June 15, 2015 (PR Newswire) - Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Niska Gas Storage Partners LLC. ("Niska” or "the Company") (NYSE -NKA-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Brookfield Infrastructure (“Brookfield”).
Under the terms of the transaction, Niska unitholder will receive only $4.225 in cash for each unit of Niska they own. The investigation concerns whether the Board of Niska breached their fiduciary duties to unitholders and whether Brookfield is underpaying for Niska. The transaction may undervalue Niska and will result in a loss for many long term unit holders. For example, on May 2, 2014 Niska units traded at $16.32 per unit and traded at $12.26 on October 21, 2014.
If you own common units of Niska and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
