NEW YORK, Jan. 13, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Corning Natural Gas Holding Corporation («Corning» or the «Company») (OTCQX: CNIG), a natural gas and electric service company, in connection with the proposed acquisition of the Company by an affiliate of Argo Infrastructure Partners, LP, an independent infrastructure investment firm. Under the terms of the merger agreement, Corning shareholders will receive only $24.75 in cash for each share of Corning common stock that they hold. The transaction is valued at approximately $150 million.
If you own Corning shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether Corning’s board acted in the best interest of Corning’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition of the Company, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
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SOURCE WeissLaw LLP