SHAREHOLDER ALERT:  Brodsky & Smith, LLC Announces an Investigation of Avista Corporation- AVA

 

BALA CYNWYD, July 20, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Avista Corporation (“Avista” or “the Company”) (NYSE- AVA-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Hydro One Limited (“Hydro One”).

Under the terms of the transaction, Avista shareholders will receive only $53.00 in cash for each share of Avista stock they own. The investigation concerns whether the Board of  Avista breached their fiduciary duties to shareholders and whether Hydro One is underpaying for the Company. The transaction may undervalue the Company and may have resulted from a failure to adequately pursue alternatives to the acquisition. For example, the transaction would provide Hydro One with a significant and stable increase to earnings and cash flow in fully regulated jurisdictions.

If you own shares of Avista stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.