NEW YORK, Jan. 7, 2015 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Paramount Gold and Silver Corp. ("Paramount" or "the Company") (NYSE MKT:PZG) of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Coeur Mining, Inc. ("Coeur"). A complaint was filed in Delaware state court.
Click here to learn more about the action: http://zlk.9nl.com/paramount-gold-silver-pzg.
Under the terms of the transaction, Paramount shareholders will receive 0.2016 shares of Coeur common stock for each share of Paramount stock they own, representing a value of approximately $0.90 per share. Prior to the merger close, Paramount will spin off its non-Mexican assets and liabilities to form new company SpinCo. The claims concern whether the Board of Paramount breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Coeur is underpaying for Paramount shares.
If you own Paramount common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/paramount-gold-silver-pzg.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.