Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether RLJ Entertainment, Inc. has obtained a Fair Price in its Sale to AMC Networks Inc.
RLJ ENTERTAINMENT (RLJE)
US:NASDAQ Investor Relations:
rljentertainment.com
Company Research
Source: PR Newswire
MILWAUKEE, July 30, 2018 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of RLJ Entertainment, Inc. (Nasdaq: RLJE) for possible breaches of fiduciary duty and other violations of Nevada law in connection with the sale of RLJ to AMC. Click here to learn how to join the action: http://ademilaw.com/case/rlj or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. Ademi & O'Reilly, LLP alleges RLJ's long-term financial outlook is improving and yet RLJ shareholders will receive only $6.25 for each share of RLJ common stock. AMC is well aware of RLJ's improving financial metrics and is purchasing RLJ at a substantial discount. The merger agreement unreasonably limits competing bids for RLJ by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should RLJ receive and accept a superior bid. RLJ insiders, their affiliates and other major shareholders own significant voting stock, and will receive millions of
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