Syntroleum Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers
Taylor LLP Investigate Asset Sale to Renewable Energy Group
DALLAS -- December 19, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor LLP are
investigating potential claims against the Board of Directors of Syntroleum
Corp. (“Syntroleum”) (NasdaqCM: SYNM) related to the sale of substantially all
its assets to a wholly owned subsidiary of Renewable Energy Group, Inc.
(“Renewable”) for shareholders. Under the terms of the agreement, Syntroleum
will receive 3,796,000 shares of Renewable common stock (subject to downward
adjustment), which Syntroleum plans to distribute to Syntroleum stockholders.
Depending on if Syntroleum’s cash reserve is sufficient to discharge
Syntroleum’s obligations and expenses associated with the asset sale and
dissolution, Syntroleum shareholders will then receive about 0.3809 shares of
Renewable common stock per share of Syntroleum owned. However, if
unanticipated expenses and liabilities arise, there is a chance that
Syntroleum must sell a portion of or all of the REG common stock, thereby
reducing and even eliminating the assets available for distribution for
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC,
(214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach
Groover at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at
email@example.com. There is no cost or fee to you.
The Syntroleum investigation centers on whether Syntroleum’s Board of
Directors is acting in the shareholders’ best interests, whether the board is
properly considering the asset sale for the shareholders, and whether the
board has employed an adequate process to review and act on the proposed
The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor LLP
Zach Groover, 877-728-9607
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