WeissLaw LLP Investigates Ameristar Casinos, Inc. Acquisition

  WeissLaw LLP Investigates Ameristar Casinos, Inc. Acquisition

Business Wire

NEW YORK -- December 21, 2012

WeissLaw LLP, a national class action and shareholder rights law firm with
offices in New York City and Los Angeles, is investigating possible breaches
of fiduciary duty and other violations of law by the Board of Directors of
Ameristar Casinos, Inc. (“Ameristar” or the “Company”) (NASDAQ GS: ASCA)
arising from its agreement for Ameristar to be acquired by Pinnacle
Entertainment, Inc. (“Pinnacle”) (NYSE: PNK), in a transaction valued at
approximately $2.8 billion. Under the terms of the proposed transaction
Ameristar shareholders will receive $26.50 in cash for each Ameristar share
they own. This price is below the target price set by certain securities
analysts.

WeissLaw LLP is investigating whether Ameristar’s Board acted in the best
interests of its public shareholders by actively shopping the Company to
maximize shareholder value for Ameristar’s public shareholders, prior to
entering into the proposed transaction with Pinnacle. If you own Ameristar
shares and would like more information about your rights as a shareholder or
additional information concerning our investigation, please contact Joshua M.
Rubin either by email at info@weisslawllp.com or by telephone at (888)
593-4771.

WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have recovered
over a billion dollars for defrauded institutions and individuals and obtained
important corporate governance in these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or issuing
materially misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business practices), or
anti-trust violations, please email us at info@weisslawllp.com or fill out the
form on our website, http://www.weisslawllp.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:

WeissLaw LLP
Joshua M. Rubin, Esq.
1500 Broadway, 16^th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
info@weisslawllp.com
 
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