SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 01, 2011 19:02 ET

The Law Firm of Levi & Korsinsky Notifies Investors of Claims of Breaches of Fiduciary Duty Against Certain Officers and Directors of American Capital, Ltd.

NEW YORK, NY--(Marketwire - Sep 1, 2011) - Levi & Korsinsky announces that a lawsuit has been commenced in the United States District Court for the District of Maryland on behalf of purchasers of American Capital, Ltd. ("American Capital" or the "Company") (NASDAQ: ACAS) common stock.

For more information, click here: http://zlk.9nl.com/american-capital/.

The complaint alleges that, among other allegations, certain of the Company's directors and officers repeatedly misrepresented the Company's financial outlook and misleadingly projected dividend distributions in violation of federal securities laws. Despite repeated statements to the contrary, American Capital was unable to pay its 2008 dividends. In November 2008, as the truth regarding the Company's financial condition emerged, the Company's stock price plummeted more than 40 percent, closing at $7.87 per share on November 10, 2008.

If you own American Capital stock and would like to obtain additional information about your rights, contact Joseph Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://www.zlk.com/american-capital-acas.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. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 15th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com