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The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Westway



 The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible
 Breaches of Fiduciary Duty by the Board of Westway Group, Inc. in Connection
            with the Sale of the Company to EQT Infrastructure II

PR Newswire

NEW YORK, Jan. 2, 2013

NEW YORK, Jan. 2, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the
Board of Directors of Westway Group, Inc. ("Westway" or the "Company")
(NasdaqCM: WWAY) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to an affiliate of EQT
Infrastructure II.

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

Click here to learn how to join the action: http://zlk.9nl.com/westway-wway,
or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Westway shareholders will receive $6.70
for each share of Westway stock they own. The transaction has a total
approximate value of $419 million. Westway has also agreed to sell its liquid
feed supplement business and certain storage terminals to an affiliate of ED&F
Man Holdings Limited for approximately $115 million. The investigation
concerns whether the Westway Board of Directors breached their fiduciary
duties to stockholders by failing to adequately shop the Company before
entering into this transaction and whether EQT Infrastructure II is
underpaying for Westway shares, thus unlawfully harming Westway stockholders.
In particular, Westway stock has traded above the offer price as recently as
September 19, 2012.

If you own common stock in Westway and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or
http://zlk.9nl.com/westway-wway.

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: (866) 367-6510
www.zlk.com

 

SOURCE Levi & Korsinsky, LLP

Website: http://www.zlk.com
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