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Levi & Korsinsky LLP Investigates Possible Breach of Fiduciary Duty by Board of Waste Services, Inc. - WSII


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© Business Wire 2009
2009-11-11 22:06:02 -

Levi & Korsinsky (“L&K”) is investigating the Board of Directors of Waste Services, Inc. (“Waste Services” or the “Company”) (NasdaqGM.

WSII) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to IESI-BFC Ltd. ("IESI-BFC"). Under the terms of the transaction, Waste Services shareholders are to receive 0.5833 of an IESI-BFC share for each Waste Services share they own. Based on the closing share price of IESI-BFC stock the day before the announcement, the proposed transaction values Waste Services shares at $7.76 per share and implies a total transaction value of approximately $370 million.

The investigation concerns whether the Waste Services Board of Directors have breached their fiduciary duties to

stockholders by failing to adequately shop the Company before entering into this transaction and whether IESI-BFC is underpaying for Waste Services shares, thus unlawfully harming Waste Services stockholders.

If you own common stock in Waste Services and wish to obtain additional information, please contact us at the number listed below or visit www.zlk.com/wsii1.html : .

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.



Levi & Korsinsky, LLPJoseph Levi Esq. / Eduard

Korsinsky, Esq., 212-363-7500Fax: 212-363-7171 www.zlk.com :


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Hossam Abdel-Kader
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