Bally Technologies, Inc.
LAWSUIT ALERT – The Law Firm of Andrews & Springer LLC Announces That A Class Action Lawsuit Has Been Filed By A Law Firm Against Bally Technologies, Inc. - BYI
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed on behalf of stockholders of Bally Technologies, Inc. (“Bally” or the “Company”) (NYSE: BYI) seeking to challenge the Company’s recently announced merger.
If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
On August 1, 2014, Bally and Scientific Games Corporation (“SGC”) announced the signing of a definitive merger agreement pursuant to which SGC will acquire Bally in a merger valued at roughly $3.3 billion. As a result of the merger, Bally shareholders are only anticipated to receive $83.30 per share in cash. There appears to be six wall street analysts that have set higher price targets for the Company, ranging from $87-$88 per share. The representative firms that have set higher price targets for Bally include, but are not limited to, Macquarie, Stifel and Brean Capital LLC.
On August 5, 2014, a Bally shareholder filed a class action complaint that challenges Bally’s merger with SGC. The complaint was filed in the Nevada District Court of Clark County Nevada, Docket No. A-14-705012.
If you own shares of Bally and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/byi or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.