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Advocat Inc. (NASDAQ:AVCA) Investor Files Lawsuit Against Directors Over Alleged Breaches Of Fiduciary Duties For Rejecting The Takeover

  • If you purchased shares of Advocat Inc. (NASDAQ:AVCA) prior to May 11, 2012 and currently hold any of those NASDAQ:AVCA shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

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Lawsuit Overview

May 22, 2012 (Shareholders Foundation) -- An investor in NASDAQ:AVCA shares filed a lawsuit against members of the board of directors of Advocat Inc for rejecting the offer by Covington Investments, LLC to take over Advocat Inc at $8.50 per share. According to the complaint the plaintiff alleges that defendants breached their fiduciary duties by rejecting the offer from Covington Inv...



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