MILWAUKEE, June 13, 2013 (GLOBE NEWSWIRE) -- We are investigating Erickson Air-Crane Incorporated and its Board of Directors in connection with its recent acquisition of Evergreen Helicopters, Inc. and requesting that the Board rescind or otherwise seek to recover losses stemming from the acquisition.
Click here to learn how to join the action: http://www.ademilaw.com/case/erickson-air-crane-incorporated or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
ZM Funds, the controlling shareholder of Erickson, orchestrated the recent purchase of the "crippled and indebted" Evergreen Helicopters, allowing ZM to exchange nearly $120 million in distressed debt of Evergreen Helicopters for millions of more valuable shares of Erickson. ZM is in the process of selling all of its remaining shares in Erickson. Erickson has already conceded that ZM may take certain actions and approve certain transactions which are not in the interests of other shareholders and which other shareholders would not approve, but the Board is not relieved of its fiduciary duties not to waste corporate assets and not to engage in self-dealing.
If you have owned common stock in Erickson since April 2013 or earlier and wish to obtain additional information, please contact Guri Ademi either at email@example.com or toll-free: 866-264-3995, http://www.ademilaw.com/case/erickson-air-crane-incorporated.
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CONTACT: Ademi & O'Reilly, LLP Guri Ademi 3620 East Layton Ave. Cudahy, WI 53110 Toll Free: (866) 264-3995 Fax: (414) 482-8001 www.ademilaw.comSource:Ademi & O'Reilly, LLP