WILMINGTON, Del., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States
District Court for the Southern District of Texas on behalf of holders of Dynegy Inc. (“Dynegy”) (NYSE:DYN) common stock in
connection with the proposed acquisition of Dynegy by Vistra Energy Corp. (“Vistra Energy”) announced on October 30, 2017 (the
“Complaint”). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Dynegy, its Board of
Directors (the “Board”), and Vistra Energy, is captioned Paskowitz v. Dynegy Inc., Case No. 4:18-cv-00027 (S.D. Tex.).
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact
plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, DE 19801, by telephone at
(888) 969-4242, by e-mail at info@rl-legal.com, or at http://rigrodskylong.com/contact-us/.
On October 29, 2017, Dynegy entered into an agreement and plan of merger (the “Merger Agreement”) with Vistra Energy.
Pursuant to the terms of the Merger Agreement, shareholders of Dynegy will receive 0.652 shares of Vistra Energy common stock for
each share Dynegy they own (the “Proposed Transaction”).
Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction,
defendants issued materially incomplete disclosures in a Form S-4 Registration Statement (the “Registration Statement”) filed with
the United States Securities and Exchange Commission. The Complaint alleges that the Registration Statement omits material
information with respect to, among other things, Dynegy’s and Vistra Energy’s financial projections, the analyses performed by
Dynegy’s financial advisors, and potential conflicts of interest. The Complaint seeks injunctive and equitable relief and
damages on behalf of holders of Dynegy common stock.
If you wish to serve as lead plaintiff, you must move the Court no later than March 26, 2018. A lead plaintiff is a
representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class
may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent
class member.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware, Garden City, New York, and San
Francisco, California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate
governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative
actions.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
