The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Ameristar

The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches
 of Fiduciary Duty by the Board of Ameristar Casinos, Inc. in Connection with
           the Sale of the Company to Pinnacle Entertainment, Inc.

PR Newswire

NEW YORK, Jan. 9, 2013

NEW YORK, Jan. 9, 2013 /PRNewswire/ --Levi & Korsinsky notifies investors of
Ameristar Casinos, Inc. ("Ameristar" or the "Company") (NasdaqGS: ASCA) of
claims of breaches of fiduciary duty and other violations of state law agsinst
the board of directors of the Company in connection with the sale of the
Company to Pinnacle Entertainment, Inc. (NYSE: PNK). A complaint was filed in
Nevada state court.

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Click here to learn how to join the action:
http://zlk.9nl.com/ameristar-casinos-asca/, or call: 877-363-5972. There is no
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Under the terms of the transaction, Ameristar shareholders will receive $26.50
for each share of Ameristar stock they own. The transaction has total
approximate value of $869 million. The claims concern whether the Ameristar
Board of Directors breached their fiduciary duties to stockholders by failing
to adequately shop the Company before entering into this transaction and
whether Pinnacle Entertainment, Inc. is underpaying for Ameristar shares, thus
unlawfully harming Ameristar stockholders. In particular, at least one analyst
set a price target for Ameristar stock at $33.00 per share.

If you own common stock in Ameristar 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/ameristar-casinos-asca/.

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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