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Levi & Korsinsky, LLP Announces Class Action Lawsuit Against Foundation Coal Holdings, Inc. -- FCL
Wednesday, July 01, 2009 2:44 PM


NEW YORK, NY -- (Marketwire) -- 07/01/09 -- Levi & Korsinsky announces that a class action lawsuit has been filed in the Circuit Court of the State of Maryland challenging the proposed acquisition of Foundation Coal Holdings, Inc. ("Foundation Coal" or the "Company") (NYSE: FCL). The complaint arises out of the announcement by Foundation Coal that it had entered into a definitive merger agreement with Alpha Coal Resources, Inc. (NYSE: ANR) ("Alpha Coal"). Under the terms of the merger agreement, Foundation Coal shareholders will receive shares in the post-merger entity valued at $32.73 per share. The complaint alleges that Foundation and its directors breached their fiduciary duties to Foundation's stockholders and that certain disclosures in the Registration Statement are misleading and/or incomplete.

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

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

CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Juan E. Monteverde, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

(Source: Market Wire )


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