Union Drilling, Inc. Merger Litigation (Nasdaq: UDRL)

Law Office of Brodsky & Smith, LLC Announces Investigation of Union Drilling, Inc. 
 
BALA CYNWYD, October 2, 2012/PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Union Drilling, Inc. (“Union Drilling” or the “Company”) (Nasdaq- UDRL-News) relating to the proposed acquisition by Sidewinder Drilling, Inc. (“Sidewinder”).  
 
Under the terms of the transaction, Union Drilling shareholders will receive only $6.50 in cash for each share of Union Drilling stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Union Drilling for not acting in the Company’s shareholders' best interests in connection with the sale process to Sidewinder. The transaction may undervalue the Company and result in a substantial loss for many Union Drilling shareholders. For example Union Drilling stock traded at $13.86 on April 26, 2011 and traded at $7.49 as recently as February 23, 2012.  
 
If you own shares of Union Drilling stock and wish to discuss the legal ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com by calling toll free 877-LEGAL-90. 

To Join the Union Drilling, Inc. Litigation

1. Fill out this form

   Mr/Mrs/Ms --Select a title-- Mr. Mrs. Ms.

   First Name: Required

   Last Name:Required

   
   

   Address: Required

   City: Required

   State: Required Select a State AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY

   
   

   Email Address:Required

   Phone Number:Required

   
   

   Number of Shares Owned:Required

   Date purchased:

   
   

   By clicking on the submit button, I acknowledge that I have downloaded and read both the Merger Class Action Lawsuit Retainer Agreement and Class Representative Rights and Responsibilities documents, and agree to retain Brodsky & Smith, LLC to file an action against Union Drilling, Inc. in connection with this case. Brodsky & Smith, LLC will prosecute the action on a contingent fee basis and will advance all costs and expenses.
   

View Complaint

The complaint is unavailable at this time

Join Other Cases

Frequently Asked Questions

 

Home : All cases : Report a Fraud

FAQ's : Attorneys : Practice Areas : Contact Us : Links : Disclaimer