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Advance America, Cash Advance Centers (NYSE:AEA) Investor Files Lawsuit Against Directors to Stop Buyout

  • If you are a current investor in Advance America, Cash Advance Centers (NYSE:AEA) and purchased your NYSE:AEA shares prior to February 15, 2012, you have certain options and you should contact the Shareholders Foundation, Inc.

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Lawsuit Overview

San Diego, Feb. 24, 2012 (Shareholders Foundation) -- An investor in NYSE:AEA filed a lawsuit in State Court against members of the board of directors of Advance America, Cash Advance Centers in effort to block the proposed takeover of Advance America, Cash Advance Centers by Grupo Elektra, S.A.B. de C.V. for $10.50 per NYSE:AEA share. On Wednesday, February 15, 2012, after the marke...



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