NEW YORK, June 17, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit was filed in the United States District Court for the Southern District of Texas on behalf of all holders of Crestwood Midstream Partners LP ("Crestwood" ) (NYSE:CMLP) stock on May 6, 2013, in connection with the proposed sale of Crestwood to Inergy, L.P.
For more information, click here: http://zlk.9nl.com/crestwood-midstream-partners/.
The complaint alleges Crestwood disseminated a false and misleading proxy statement in violation of §14(a) of the 1934 Act and SEC Rule 14a-9 promulgated thereunder in connection with the proposed transaction. In particular, it is alleged that Crestwood omitted, among other things, material facts pertaining to: (i) the events that led to the proposed acquisition; (ii) the analysis conducted by the Board's financial advisors, and (iii) potential conflicts of interest concerning certain parties to the transaction. The complaint also alleges that Crestwood breached its fiduciary duties to stockholders by entering into the proposed transaction pursuant to an unfair sales process and at an unfair price.
If you are a holder of Crestwood stock you have until August 16, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/crestwood-midstream-partners/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP