SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of RLJ Entertainment, Inc. to AMC Networks Inc. is Fair to Shareholders

Globe Newswire 30-Jul-2018 10:30 AM

NEW YORK, July 30, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased RLJ Entertainment, Inc. ("RLJ Entertainment" or the "Company") (NASDAQ:RLJE) stock prior to July 30, 2018.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of RLJ Entertainment to AMC Networks Inc. (NASDAQ:AMCX) for $6.25 per share. Holders of the Company's outstanding preferred stock may elect to receive $7.8125 or a share of preferred stock in the post-merger entity for each share of preferred common stock they own. To learn more about the action and your rights, go to: 

http://www.zlk.com/mna/rlj-entertainment-inc

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The RLJ Entertainment merger investigation concerns whether the Board of RLJ Entertainment breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether AMC Networks Inc. is underpaying for RLJ Entertainment shares, thus unlawfully harming RLJ Entertainment shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, 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 lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com