Wolf Haldenstein Adler Freeman & Herz LLP and Hach Rose Schirripa & Cheverie LLP Commence a Class Action Lawsuit on Behalf of Integrys Energy Group, Inc. Investors -- TEG


NEW YORK and CHICAGO, Sept. 4, 2014 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP and Hach Rose Schirripa & Cheverie LLP announce that they have filed a class action lawsuit on behalf of an institutional client in the United States District Court for the Northern District of Illinois on behalf of all persons who purchased or otherwise acquired common stock of Integrys Energy Group, Inc. ("Integrys" or the "Company") (NYSE:TEG) against the Company and certain of the Company's officers and directors ("Defendants"), alleging securities fraud pursuant to, among other things, violations of sections 14(a) and 20(a) of the Securities and Exchange Act of 1934 (the "Exchange Act") in connection with the proposed acquisition of Integrys by Wisconsin Energy Corporation ("Wisconsin").

The complaint arises out of a June 23, 2014 press release in which Integrys Energy Group and Wisconsin Energy Corp. jointly announced that they entered into a definitive merger agreement pursuant to which Wisconsin will pay Integrys shareholders $18.58 per share in cash and 1.128 shares of Wisconsin stock (the "Proposed Transaction"). The complaint seeks injunctive relief on behalf of all shareholders who purchased shares of Integrys prior to the release of the S-4 filing by Wisconsin Energy on August 13, 2014 and still retain their shares.

If you purchased Integrys common stock prior to August 13, 2014, you may move to be appointed as lead plaintiff by November 3, 2014.  A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff."  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein or Hach Rose Schirripa & Cheverie LLP, or other counsel of your choice, to serve as your counsel in this action.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has over 70 attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com. All e-mail correspondence should make reference to "Integrys litigation."



            

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